Tag: Iran War impact on India

India needs a forex reserve buffer of at least $1 trillion for robust intervention capacity, according to former RBI Deputy Governor Michael Patra. (Reuters)
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RBI’s defence of rupee vs dollar is weighing on India’s forex reserves| Business News

The Reserve Bank of India’s recent defence of the rupee vs dollar is weighing on the nation’s foreign exchange reserves, prompting calls from some analysts…

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Signage during India Energy Week in Goa in January 2026. India imports about 90% of its crude oil and nearly half of its LPG. (Bloomberg)
Posted in Business

Iran war impact to show on India GDP, inflation in risk to ‘Goldilocks’ economy| Business News

Surging crude oil prices and acute LPG shortage are rippling through the Indian economy as the Iran war drags on, disrupting industries and prompting analysts…

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An LPG gas tanker at anchor as traffic is down in the Strait of Hormuz, amid the Iran war, in Shinas, Oman, on 11 March 2026. The Iran war, and the consequent blockade of the Strait of Hormuz, threatens to close the “goldilocks” trade window for India's economy. (Reuters)
Posted in Business

India’s trade deficit narrows before Iran war impact shows on economy| Business News

India’s trade deficit narrowed more than expected in February as a cooling import bill offset stagnant exports, but that was before the Iran war took…

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PhonePe has enabled biometric payments on its UPI app.
Posted in Business

PhonePe IPO put on hold as Iran war rattles stock market| Business News

PhonePe Ltd. has deferred its much-awaited IPO in India, citing the impact of the ongoing Iran war on investor sentiment and the wider stock market….

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India has asked refiners to avoid using propane and butane, which together compose liquified petroeleum gas (LPG), for petrochemical production. (AFP)
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India tells refiners to maximise LPG output for domestic sales only| Business News

India has directed all its refiners to maximise LPG production for sale to state-run oil marketing companies, amid a has squeeze stemming from the Iran…

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As part of the interim India-US trade deal, New Delhi has agreed to abstain from Russian oil imports, which, according to Washington DC, is fuelling Russia's war in Ukraine. (Reuters)
Posted in Business

Indian Oil-led refiners snap up 20 million barrels of Russian oil amid Iran war squeeze| Business News

Indian refiners, led by Indian Oil Corp. Ltd. are rushing to secure millions of barrels of prompt Russian crude as New Delhi scrambles to mitigate…

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The National Stock Exchange building in Bandra Kurla Complex, Mumbai. Since the Iran war began, foreigners have withdrawn about $1.3 billion from India. (Livemint)
Posted in Business

Morgan Stanley cuts India exposure on LNG shock from Iran war| Business News

Morgan Stanley is adopting a more cautious stance on Asian equities, trimming its India exposure on concerns that the Iran war may disrupt supply chains…

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The corporate headquarters of Adani Group in Ahmedabad. (Reuters)
Posted in Business

Adani triples LNG price for industrial users as Iran war disrupts supply| Business News

Adani Total Gas Ltd. has tripled LNG prices for industrial consumers exceeding their daily quota, in what is seen as a direct fallout of an…

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A ceramics unit in Morbi. (ANI)
Posted in Business

Gas shortage hits ceramic hub in Gujarat’s Morbi as Iran war widens| Business News

The ceramic industry in Gujarat’s Morbi district is facing a looming production crisis as an escalating Iran war chokes the supply of essential natural gas….

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The Reserve Bank of India (RBI) is likely selling dollars in the forex market to prevent any further slide in rupee.
Posted in Business

RBI said to intervene as rupee slips past 92 per dollar amid escalating Iran war| Business News

The Reserve Bank of India has intervened in the forex market after Rupee slipped part the 92/Dollar mark for the first on Wednesday. The Reserve…

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