News
India's rising oil imports push trade deficit back into dangerous territory: Crisil
47+ min ago (301+ words) New Delhi: India's oil trade deficit is set to widen sharply in FY27 as rising crude prices, weakening petroleum exports and the country's heavy dependence on imported oil place renewed stress on external balances, according to a report by Crisil. The…...
India hikes gold and silver import duty to 15%, citing forex pressure
6+ day, 3+ hour ago (223+ words) New Delhi: India raised import tariffs on gold and silver to 15 per cent from 6 per cent on Wednesday, as the government moved to curb overseas bullion purchases and ease pressure on the country's foreign exchange reserves, Reuters reported, citing official…...
Turmoil in Asian markets, Japan's Nikkei plunges 5%, South Korea's KOSPI down by 4%, Oil surges to USD 115
1+ mon, 2+ week ago (427+ words) New Delhi: Asian markets witnessed sharp selling pressure on Monday morning, with major indices declining significantly amid rising energy prices and escalating tensions in West Asia. Japan's Nikkei 225 fell by approximately 5 per cent to 50, 950 level, while South Korea's KOSPI declined…...
Energy price pressures to drive CPI inflation to 4. 5% in FY27: ICICI Bank report
1+ mon, 3+ week ago (382+ words) New Delhi [India]: Rising energy costs are set to push India's retail inflation to 4. 5 per cent in FY27 fiscal year, marking a shift in the domestic price landscape as the economy adapts to new weightage measures, as per an ICICI Bank…...
Government keeps inflation target at 4% for 2026-31 period
1+ mon, 3+ week ago (481+ words) New Delhi [India]: The Central Government has maintained the retail inflation target at four per cent for the five-year period starting April 1, 2026, and ending March 31, 2031. According to a notification issued by the Ministry of Finance, the upper tolerance level remains…...
Weather risks from possible El Nino and global tensions could pressure inflation in 2026: SBI report
2+ mon, 5+ day ago (380+ words) New Delhi [India]: Weather patterns along with ongoing geopolitical risks affecting global energy prices could adversely impact inflation in 2026, according to a report by State Bank of India. The report highlighted that the recent forecasts for global weather patterns indicate…...
RBI keeps repo rate unchanged at 5. 25%, maintains neutral stance amid global policy divergence
3+ mon, 1+ week ago (393+ words) Mumbai (Maharashtra): Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday announced that the Monetary Policy Committee (MPC) has unanimously decided to keep the policy repo rate unchanged at 5. 25 per cent, while continuing with a neutral policy stance. Announcing…...
RBI has room for 50 bps rate cut in 2026 after 125 bps easing in 2025: Report
4+ mon, 1+ week ago (430+ words) New Delhi: The Reserve Bank of India still has room for a further 50 basis points (bps) cut in policy rates in 2026, following bumper rate cuts of 125 bps in 2025, according to a report by IIFL Capital. The report highlighted that the…...
India retail inflation likely inched up to 1. 66% in December as food prices rise: Report
4+ mon, 1+ week ago (477+ words) New Delhi: Retail inflation in India has likely edged up in December 2025 to 1. 66 per cent from 0. 71 per cent in November, with food prices strengthening across most segments of the food inflation basket, according to projections made by Union Bank of…...