Tag: crude oil prices
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…
Sensex, Nifty open lower, on course for biggest monthly loss in six years| Business News
India’s stock market opened lower today to be on course for the biggest monthly loss in six years as an expanding Iran war sapped risk…
RBI tightens norms on net open positions to curb rupee’s slide
Kolkata\Mumbai: The Reserve Bank of India has capped banks’ net open positions in the rupee at $100 million at the end of each business day,…
India eliminates key excise duty on petrol, diesel prices despite crude oil shocks| Business News
The central government has eliminated key excise duty on petrol and diesel prices in India, in what can be seen as an attempt to shield…