Tag: oil prices
After a dash for hot dollars, India dives deep for sticky money
A proposal to raise the threshold for foreign direct investment (FDI) projects requiring Cabinet Committee on Economic Affairs approval from Rs 5,000 crore to Rs…
US stock futures rise as Trump’s Iran talks lower oil prices; jobs report, earnings and markets in focus
US stock futures moved higher before Wall Street opened on Monday. Dow Jones futures jumped more than 330 points (0.6%), while S&P 500 futures gained…
Iran war and monsoons key risk for Indian economy, says RBI Governor Sanjay Malhotra
India’s inflation remains elevated, with ongoing tensions in the Middle East and prospects of a weak monsoon season seen as key risks for the economy,…
Goldman Sachs cuts India’s 2026 CAD forecast to 1.3% of GDP
New Delhi: Goldman Sachs has turned more optimistic on India’s external position, lowering its current account deficit (CAD) forecast for 2026 to 1.3% of gross…
India’s trade deficit narrows slightly to $28.21 billion in May as petroleum exports cushion energy import blow
India’s merchandise trade deficit narrowed marginally to $28.21 billion in May, as a windfall from higher petroleum exports helped offset the strain of elevated energy-driven…
Sensex today surges over 1,100 points, Nifty nears 24,000 after US-Iran peace deal
Sensex today: Indian benchmark indices opened sharply higher on Monday, tracking a rally in global markets after the United States and Iran finalised a deal…
India willing to let fiscal deficit widen to 4.8% of GDP: Report
India is preparing for a wider-than-expected budget deficit this year, Bloomberg News reported on Friday, citing an official familiar with the matter, as the war…
Indian economy, government finances, see mounting costs from Iran war
A few months ago, India’s economy was humming along nicely. Inflation was benign and growth was steady – the strongest among the world’s leading economies….
RBI must let rupee depreciate; use liquidity tools, not rate hikes, to curtail inflation: Duvvuri Subbarao
Mumbai: Former RBI Governor Duvvuri Subbarao has said the central bank must allow some more depreciation in the rupee to help absorb external pressures, and…
India considering several measures to stop CAD from widening further, says Piyush Goyal
India is closely tracking external sector trends and evaluating a range of measures to prevent any sharp deterioration in the current account deficit (CAD), Commerce…