With import levels tracking at 1.62 million barrels per day in October, up from 1.61 mbd in September, Russia continued to be India’s top supplier of crude oil, according to statistics from Kpler. However, compared to 1.75 mbd in October 2024, Russian oil imports fell 8% annually. Saudi Arabia and Iraq emerged as India’s two…
As growing concerns about a supply glut subsided, OPEC+ opted to postpone output increases in the first quarter of next year, which caused oil prices to rise in early Asian trade on Monday. Brent crude futures closed 7 cents higher on Friday and then increased 47 cents, or 0.73%, to $65.24 a barrel. U.S. West…
The FII buying that was observed on October 28 was unquestionably the high point of the market activity. The net purchase price of foreign institutional investors in Tuesday’s transaction was Rs 10,339.80 crore. Since June 26, this is the highest amount that FIIs have net bought in a single day. Furthermore, the flows in October…
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…
