Tag: oil prices
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…
WPI inflation to face further upside as oil and metal prices stay elevated amid geopolitical tensions: Report
New Delhi: With the US-Iran conflict keeping global crude oil prices elevated and the Strait of Hormuz disruption pushing up metal costs, the economic research…
Fuel price hike may push inflation up by 20 bps, say experts
New Delhi: Retail inflation could accelerate by 15-20 basis points (0.15-0.20 percentage points) in the coming months following the fuel price hike announced on Friday,…
Uday Kotak puts India’s troubles in perspective as the economy swings between hope and despair in the wake of Iran war
India may have been too much and too long in a comfort zone and even a little paranoia will help the country find powerful, permanent…