Crude prices have increased as a result of the Middle East conflict’s ongoing effects on the Strait of Hormuz’s oil supply. According to PTI, S&P Global Ratings might negatively impact the profit margins of oil marketing firms like IOC, BPCL, and HPCL, which might maintain retail gasoline and diesel prices in order to reduce inflationary…
The CPI inflation rate in February was 3.21%, up from 2.75% in January. The headline retail inflation increased by 47 basis points year over year (YoY). With the base year changed from 2012 to 2024, the government’s new CPI series includes the February retail inflation data as its second reading. The Ministry of Statistics and…
Indian residents and non-resident investors can purchase US equities from India through NSE IX (NSE International Exchange), a fully owned subsidiary of National Stock Exchange of India Limited (NSE), which is presently governed by IFSCA. Only by becoming a client of an NSE IX trading member can Indian retail investors purchase NSE IX receipts (US…
On March 11, the rupee fell 14 paise at the opening, as sentiment was affected by volatile Brent crude and ongoing foreign-fund outflows. The Reserve Bank of India’s (RBI) aggressive dollar-selling strategy keeps the currency anchored and keeps it from falling below the 92 level. After closing the previous session at Rs 91.81, the rupee…
India is expected to see a 3% increase in total foodgrain production, reaching around 349 million tonnes in the 2025–26 crop year, according to the government’s second advance estimates. The rise is mainly driven by record production of wheat, maize (corn), and mustard during the rabi season, while rice and sugarcane output from the kharif…
The price of crude oil in the world market was once as high as $120 per barrel. Now it has come down to around $100. Although it is thought that India will get a big profit due to the low price, it is not so in reality. The reason is that the value of the…
Due to a significant increase in silver prices and increased volatility, India’s silver exchange-traded funds (ETFs) saw their first net outflow in 27 months in February. Silver ETFs experienced a net outflow of Rs 826.3 crore during the month due to gross inflows of Rs 4628 crore and redemptions of Rs 5455 crore. Compared to…
As crude rose above $100 per barrel on March 9, the rupee fell to a new low, ending at 92.34 against the US dollar. As crude surged above $115, the Reserve Bank of India (RBI) probably intervened forcefully to stop the rupee’s decline, according to traders. The currency closed the previous session at Rs 91.74…
U.S President called for “unconditional surrender” on Friday, marking the start of the second week of the US-Israeli assault on Iran. With Tehran continuing to unleash retaliatory strikes around the Middle East, there doesn’t seem to be an obvious or rapid way to stop the fight. As the US and European stock markets plummeted and…
Gold and silver ETFs closed trading in the red for the second consecutive day, failing to properly reflect spot price and futures price movement. Although prices were stable in the domestic market and there was a slight gain in the global market, ETFs faced a sharp fall. Silver ETFs in particular declined by about 2%…
