Tag: crude oil prices
Iran ceasefire taken into account for policy decision: RBI
Mumbai: Reserve Bank Governor Sanjay Malhotra on Wednesday termed the ceasefire between the US and Iran as “pleasant news”, which was taken into account while…
Air India revises fuel-surcharge math as ATF prices double in one month| Business News
Air India Ltd. has revised its fuel surcharge math for domestic and international flights, reacting to a volatile energy market that has seen global jet…
Downward revision of global GDP imminent amid West Asia crisis; inflation is likely to go up
New Delhi: Global economic growth is likely to face downward revisions while inflationary pressures may intensify amid escalating geopolitical tensions and supply disruptions, according to…
Textile exporters urge govt to waive cotton import duty
Pune: Textile and garment exporters have urged the government to remove the 11% import duty on cotton, as a recent surge in domestic prices has…
Crude sustaining above $100 will push inflation beyond 6%, trigger rate hikes: HSBC
Mumbai, Crude oil sustaining above USD 100 per barrel will push the headline inflation above 6 per cent, the upper level of RBI’s tolerance band,…
Manmade fibre exporters flag concerns arising from West Asia conflict
The continuing conflict in West Asia, which has led to a rise in crude oil prices, is directly impacting the cost of key raw materials…
US dollar wraps up best month since 2022 as Iran war upends energy markets| Business News
The dollar is on track for its best month since September 2022 as the Iran war upends energy markets, buffets economic forecasts, and sends investors…
Iran war can cut India GDP growth rate by 100 bps in FY27, EY says| Business News
The month-long Iran war, which is showing no signs of abating, can shave India’s GDP growth rate by a full percentage in FY27, according to…
Every $10 rise in crude may add 60 bps to India’s inflation: CareEdge Global
Rising global crude oil prices due to tensions in West Asia could push up India’s inflation significantly, according to Revati Kasture, CEO of CareEdge Global…
Rupee breaches 95/dollar, bond yield tops 7% for first time since July 2024| Business News
The rupee fell to an all-time low and the bond yield crossed 7% for the first time since July 2024, as Reserve Bank of India’s…