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…
Crude oil prices fell 2.73% to 5,887 as markets reacted to rising global trade tensions and an unexpected increase in US oil supplies. The new US tariffs could hurt the global economy and reduce crude demand. The president confirmed a 10% base tax on imports and added new taxes of up to 41% for countries…
India’s spices exports grew by 6.2% to $1.156 billion in Q1 FY25, driven by higher shipments of oleoresins, spice oils, mixes, chillies, and seed spices. Despite a slight dip in June, strong demand in April and May boosted overall performance. The US, India’s second-largest spice market after China, saw a 15% rise in imports to…
Foreign investors made a big return to the Indian equities markets last week, contributing close to Rs 8,500 crore, following a period of prolonged withdrawals earlier this month. Because of India’s robust internal economy and relative protection from interruptions in international commerce, investor mood has strengthened, as evidenced by the inflows. Foreign portfolio investors (FPIs)…
According to statistics from the Commerce and Industry Ministry, Indian exporters pushed items worth over $10 billion to the US last month alone in an attempt to avoid the reciprocal tariffs that were scheduled to take effect on April 2. It also stated that this was 35% more than the shipments reported in March of…
On Monday, the rupee saw its biggest one-day drop since January 12, plunging 61 paise, or 0.71%, to settle at 85.8425 versus the dollar. The decline occurred when US President Donald Trump’s expansive tariff proposals rocked the world’s financial markets, sending Asian stocks and currencies down. The rupee is affected by a growing trade war…
