According to data released on March 20, India’s core sector growth fell precipitously to a three-month low of 2.3% in February from 4.7% in January, driven down by weaker electricity generation and ongoing declines in oil and gas output. Since two-fifths of the Index of Industrial Production is made up of the eight infrastructure sectors—coal,…
On March 19, the Indian rupee hit a record low due to worsening losses brought on by an interruption in global energy supplies during the Middle East conflict, which could disturb India’s growth-inflation balance. Against the US dollar, the rupee dropped 065% to 93.24, surpassing its previous low of 92.63 on Wednesday. Since the start…
Due to a sudden decline in global market gold prices, the price of gold in India has also dropped by approximately ₹700 per gram. A major contributing factor was the worldwide slump in gold prices, which fell by over $250. Pressure on gold prices intensified as investors shifted towards safer assets, driven by expectations that…
Indian benchmark indices have seen last-minute buying and selling ever since the US-Israel conflict with Iran started. A similar trend was observed on March 19, when markets moved in a narrow range and swung sideways following a gap-down opening. But the surge in Brent crude prices quickly caused the Sensex to drop by about 500…
Due to escalating conflicts in West Asia, the price of Brent crude oil in the international market has risen to $109.75 per barrel. Following reports that the United States and Israel jointly attacked Iran’s critical South Pars gas field, Iran has issued a warning that it will target energy installations across Asia and the Gulf…
As crude oil prices rose above $100 per barrel amid the conflict in West Asia, the rupee fell to a new low against the US dollar on Wednesday. According to Bloomberg data, the native currency finished the session at 92.63 against the dollar, down 24 paise, or 0.27%, from the previous close. According to dealers,…
On March 18, the Indian rupee hit its lowest point ever, prolonging a difficult period as the ongoing Middle East conflict kept oil prices high, increasing India’s economic risks and depleting capital flows. The rupee dropped from its previous low of 92.4750 per dollar last week to 92.62 per dollar. The price of Brent crude…
According to a Bloomberg story citing persons with knowledge of the situation, Muthoot FinCorp, a non-banking financial company focusing on gold loans, is preparing an IPO that may raise to $300 million. Muthoot Fincorp and the listed Muthoot Finance are very different. Despite coming from various branches of the same Muthoot family, they are originally…
FII selling is gaining traction. Foreign institutional investors net sold Rs 9,365.52 crore on March 16, following a staggering Rs 10,716.64 crore on March 13. As a result, their March net sales have exceeded Rs 66,000 crore. They have already sold more than Rs 1 lakh crore so far in 2026. What is it signifying?…
According to the latest update provided by the Central Government, India’s stocks of crude oil, petrol, and diesel are currently at a “comfortable” level. The Ministry of Petroleum states that sales at petrol pumps are proceeding normally without any shortages; therefore, the public need not be alarmed. However, the supply of cooking gas (LPG) remains…
