Due to a sharp increase in the cost of the US H-1B visa, which is predicted to have a significant negative impact on Indian IT services exports, the rupee fell 47 paise to reach an all-time low of 88.75 (provisional) against the US dollar on Tuesday. Forex dealers reported that as market participants examined the…
The RBI announced on Friday that India’s foreign exchange reserves for the week ending May 30 had decreased by $1.237 billion to $691.485 billion. At $692.721 billion, the total reserves had increased by $6.992 billion during the previous reporting week. In late September 2024, the foreign exchange reserves reached a record high of $704.885 billion….
The Ministry of Finance revealed figures on Sunday that showed that India’s gross Goods and Services Tax (GST) receipts for May 2025 were Rs 2.01 lakh crore, a 16.4% increase over the Rs 1.72 lakh crore collected in May 2024. Following consecutive months of robust tax collections, this follows April’s record-breaking GST income of Rs…
The market is expected to witness over half a dozen initial public offerings (IPOs) in June, with a total estimated value of between Rs 8,000 and Rs 10,000 crore. Market sources predict that a mix of large and mid-sized main board initial public offerings (IPOs) will occur in June, even though some of the May…
By re-issuing two-dated government securities, the Reserve Bank of India (RBI) said it is prepared to inject an additional Rs 36,000 crore into the financial system. It further stated that the Reserve Bank of India, Mumbai Office, will host the auction for these assets on Friday, May 30. On December 9, 2027, the first Government…
In April, India exported 4.2 million tonnes of petroleum products, a 12.5% decrease in volume terms from 4.8 million tonnes in April 2024, according to data from the Petroleum Planning and Analysis Cell. High-speed diesel (HSD) and aviation turbine fuel (ATF) exports had the biggest impact on the drop in petroleum product exports last month….
The amount of completed steel that India imported in April 2025 was 0.5 million metric tons, a decrease of 11.3 percent from the previous year. In addition, India’s completed steel exports saw a significant drop in the same month. India is the world’s second-largest producer of raw steel. A 12 percent levy on steel imports…
The price of gold has risen dramatically over the past two to three years; it is currently trading at $3,200 on the global market, up 77% from its most recent low of $1,820 in November 2022. In just one month, gold prices in India have dropped by about 7%, with an all-time high of Rs…
Bangladeshi imports worth more than $770 million a year are now subject to new port restrictions imposed by India amid the ongoing tensions. This represents almost 42% of all imports from Bangladesh that India makes. Data from the Observatory of Economic Complexity (OEC) shows that in 2023, India sent $11.3 billion worth of commodities to…
According to the sugar industry, mill production of sugar, net of ethanol diversion, is expected to drop 7% annually to a five-year low of 29.5 million tonnes (MT) in the 2024–25 season (October–September). Red-rot illnesses that have affected yield in portions of Uttar Pradesh and a decreased recovery rate due to insufficient monsoon rainfall in…
