Tag: crude oil prices
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…
Gulf conflict puts FY27 growth at risk
India’s economic outlook is under increasing pressure from the West Asia conflict, with economists warning of a 50-60 basis point hit to FY27 growth. Elevated…
Sensex, Nifty 50 surge as oil recedes below $100 on Iran war ceasefire hopes| Business News
India’s stock market surged for a second consecutive session today, joining a broader Asian relief rally as signs of a Iran war ceasefire sent crude…
IndiGo warns of demand hit as Iran war drives up flight ticket prices| Business News
IndiGo has warned that the Iran war, and the consequent surge in crude oil prices, is set to weigh on travel demand during the summer…