Mumbai, July 17 (IANS) RBI Governor Sanjay Malhotra said on Friday that India’s fundamentals remain strong, with a decent pace of economic expansion despite geopolitical uncertainties triggered by the West Asia crisis.In an exclusive interview to Doordarshan, the RBI governor also admitted that the ongoing geopolitical tensions in West Asia and a potentially weak monsoon pose key risks to India’s economy.Malhotra defended the performance of the rupee in the backdrop of a strengthening US dol…
Latest Oil Prices News & Updates
Washington, July 9 (IANS) India’s economy remains resilient despite the headwinds of higher global oil prices triggered by the Middle East conflict, the International Monetary Fund (IMF) said as it marginally lowered the country’s 2026 growth forecast to 6.4 per cent while projecting stronger expansion next year as the energy shock eases. The IMF, in its latest World Economic Outlook update released on Wednesday (local time), revised India’s growth forecast for 2026 down by 0.1 percentage point …
Mumbai, July 9 (IANS) Indian equity benchmarks advanced in early trade on Thursday despite renewed geopolitical tensions and a rebound in crude oil prices to the $80-a-barrel mark.Sensex surged as much as 0.32 per cent or about 250 points to hit an intraday high of 76,752 in morning trade, while Nifty climbed 0.20 per cent or 46.90 points to 23,928.95.Sectorally, Nifty Consumer Durables led the gains, rising 1.39 per cent, followed by Nifty Mid-Small Financial Services (0.95 per cent), Nifty Cem…
New Delhi, July 8 (IANS) India’s macro backdrop has improved as falling oil prices and a June foreign exchange package have eased financial conditions and prompted inflows, a report said on Wednesday.Foreign investors signalled growing confidence, with $6.4 billion of bond inflows since early June and equities flows turning slightly positive in the past fortnight, the report from HSBC Global Investment Research.The firm forecasted that a balance of payment surplus and improved sentiment could …
Moscow, July 2 (IANS) The Russian economy has completed 80 per cent of its adaptation to external shocks, Russian Deputy Prime Minister Alexander Novak has said. “When we talk about adaptation to external challenges, we arrive at that 80 per cent figure,” Novak said at the Bank of Russia Financial Congress.”When it comes to the progress we are making toward technological sovereignty and technological leadership, I believe we are only halfway there,” he said on Wednesday.The deputy PM highlighted…
Washington, June 25 (IANS) The International Monetary Fund (IMF) on Thursday said the ceasefire in the Middle East and progress towards reopening the Strait of Hormuz have eased immediate risks to the global economy, although it cautioned that the full impact of the recent conflict has yet to play out.Speaking at a regular IMF press briefing, Julie Kozack, Director of the IMF’s Communications Department, said the war had once again tested the resilience of the global economy, but recent developm…
Washington, June 12 (IANS) US President Donald Trump predicted a sharp decline in global oil prices if a proposed agreement with Iran is finalised, arguing that greater stability in the Middle East and the reopening of key shipping routes would ease pressure on energy markets.Speaking at the White House, Trump said markets had already responded positively to news of the emerging agreement.“Stock markets up 1000 points,” Trump said. “That means they like the deal.”He said oil prices had a…
New Delhi, June 2 (IANS) The Reserve Bank of India is expected to keep policy rates unchanged in the upcoming Monetary Policy Committee meeting, although its communication may turn more hawkish as rising oil prices and a weaker rupee complicate the inflation outlook, according to an economist at HSBC.Pranjul Bhandari, HSBC’s chief India economist and macro strategist, projects a gradual tightening with about two rate hikes beginning in the fourth quarter of 2026 rather than an aggressive tight…
New Delhi, May 23 (IANS) Despite public assertions of a no-limits strategic partnership, Russia-China trade has shown signs of slowing after years of strong post-2022 expansion, even as political ties between Moscow and Beijing remain close, a report has said.A report by The Moscow Times highlighted that during Russian President Vladimir Putin’s recent visit to China, both sides emphasised deepening cooperation and robust economic engagement.However, trade figures indicate emerging constraints…
Chandigarh, May 20 (IANS) Following Prime Minister Narendra Modi’s appeal to save fuel and adopt sustainable travel habits, Punjab Governor Gulab Chand Kataria on Wednesday travelled in an electric bus to reach the venue of a public event. Speaking to IANS, the Punjab Governor, who is also the Administrator of Chandigarh, announced that a ‘No Vehicle Day’ will be followed by him as well as the staff of his office every Wednesday in order to set a precedent for the citizens to follow.”First, if a…