India has significantly expanded its imports of crude oil from the United States in what may be considered an attempt to defuse tensions with the Trump administration. As of October 27, the nation’s daily imports of crude oil from the United States were 540,000 barrels, the largest increase since October 2022, according to Kpler. According…
The growth rate of the Index of Industrial Production for September 2025 was 4% year over year, which was the same as the fast estimate for August 2025. IIP’s Quick Estimates are currently at 152.8, down from 146.9 in September 2024. In September 2025, the three sectors mining, manufacturing, and electricity will increase at respective…
According to traders, mandi prices for oilseeds and pulses are still below the minimum support price (MSP) as kharif crop arrivals increase in important markets. Major pulses like tur, urad, chana, and masoor are currently 8–18% less expensive than MSP, while oilseeds like groundnut and soybean are 21–30% less expensive than benchmark pricing. Official guarantees…
The RBI announced on Friday that as the value of gold reserves continued to rise, India’s foreign exchange reserves increased by $4.496 billion to $702.28 billion for the week ending October 17. During the last reporting week, the total reserves increased by $2.176 billion to $697.784 billion. Foreign currency assets, a significant part of the…
According to market statistics from BigMint, domestic steel prices have fallen to a five-year low, trading between Rs 47,000 and Rs 48,000 per tonne, due to a number of factors, including rising imports. In the wholesale market, rebar (TMT) is quoted between Rs 46,500 and Rs 47,000 per tonne, while hot rolled coil (HRC) is…
The Reserve Bank added 0.2 metric tons of gold holdings in the final week of September, bringing its total reserves to over 880 metric tonnes in the first half of 2025–2026. The most recent statistics from the RBI shows that as of September 26, 2025, the total value of the gold was USD 95 billion….
Amid indications of a reduction in trade hostilities between the United States and China, as well as speculators taking advantage of bullion’s recent record rally to profit while they awaited U.S. inflation data later this week, gold prices continued to decline on Wednesday. Spot gold was trading at $4,109.19 an ounce, down 0.4%. Tuesday saw…
Traders indicated that the RBI is believed to have sold between $3 billion and $5 billion in both spot and non-deliverable forward markets on Wednesday to support the rupee, marking its most extensive intervention in several months. Estimates were provided by seven traders from various private, public, and foreign banks, with two of them citing…
India’s wholesale price inflation decreased to 0.13% in September, down from 0.52% in August, as food prices continued to decline, according to data released by the government on Tuesday. The Wholesale Price Index (WPI) inflation in September of the previous year was recorded at 1.91%.Retail inflation dropped to its lowest level in eight years at…
Google is set to invest $15 billion in establishing an artificial intelligence hub in Visakhapatnam, Andhra Pradesh, making it the largest such investment outside of the United States. “This will be the largest AI hub we are creating anywhere globally outside the US,” stated Thomas Kurian, CEO of Google Cloud, during an event in New…
