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Petrol, diesel price hike in India a matter of time if Middle East conflict persists: RBI Governor Sanjay Malhotra
India faces potential retail fuel price hikes if the Middle East conflict persists. RBI Governor Sanjay Malhotra indicated this possibility due to rising energy import costs and inflation risks. The government has already reduced duties and state refiners are absorbing losses. Prime Minister Modi urged citizens to conserve fuel. Oil companies are struggling to maintain current prices.
Rupee opens 2 paise higher at 95.61 against the US dollar
The rupee opened at 95.61 against the US dollar, aided by increased import duties on gold and silver. However, elevated oil prices and US inflation could limit gains. India raised tariffs to reduce demand and support the currency amid a trade deficit exacerbated by rising crude prices.
Q4 Results LIVE Updates: Dr Reddy's, Dixon react to earnings; Bharti Airtel, Cipla report today
Q4 Results LIVE Updates: It's another earnings-heavy day as investors track numbers coming in from two Nifty 50 constituents Bharti Airtel and Cipla. Bharti Hexacom, TVS Motor, Tata Motors Commercial Vehicles, DLF, Crompton Consumer, DCM Shriram, HPCL, GSK Pharma, Man Infra, Oil India, NLC India, PFC, Sagar Cement, Tube Investments, are among the other important companies to track today. Watch this space for all the live earnings updates.
Dalal Street sees sharp selloff as rising oil and dollar rush hurt sentiment
The Indian rupee hit a record low for the second consecutive day, while key equity indices experienced their biggest single-day fall in six weeks. This decline was triggered by uncertainty surrounding US-Iran peace talks, which pushed oil prices higher, and Prime Minister Modi's austerity call, eroding market confidence and prompting dollar buying.
Gold, silver rates today: Comex gold drops $67/oz; silver tumbles $2.2/oz amid rising oil prices and higher inflation
Gold and silver prices fell on May 12 due to rising Middle East tensions, higher crude oil prices, and a stronger US dollar. Gold dropped to $4,660 per ounce, while silver fell to $83.67. US inflation reached 3.8%, complicating the Federal Reserve's policy decisions.
Rupee hits fresh low of 95.75 per dollar amid crude oil, FPI pressure
The Indian currency weakened to a record low amid rising oil prices, sustained foreign outflows, and concerns over inflation and external stability
INR collapses to fresh record low
The Indian rupee is seen collapsing to new record lows against the dollar in opening trades on Tuesday amid rebound in oil prices and dollar index edging higher. US President Donald Trump reportedly said that the ceasefire with Iran was on life support with hopes for a deal with the country fading, triggering a surge in crude oil prices. Market sentiments remained dominated by fears that the 10-week-old conflict could further tighten global supply, particularly after Trump rejected Tehran's latest response to a US-backed peace proposal, calling it totally unacceptable. At the interbank foreign exchange market, the rupee opened at 95.57 against the US dollar and then fell further to an all-time low of 95.63 against the greenback, down 35 paise from its previous close.
Rupee hits all-time low of 95.50 against dollar
Indian rupee nears record low at 95.50 against US dollar as crude oil prices surge and Iran US ceasefire uncertainty fuels broader market risk aversion.
Rupee slips 35 paise to hit record low of 95.63 against US dollar. Will it touch 100?
The rupee fell 35 paise to a record low of 95.63 against the US dollar, driven by rising oil prices amid Middle East tensions. Experts warn that ongoing geopolitical uncertainties and high crude costs are straining India's economy and external stability.
Sunil Bharti Mittal says now is the time to ‘double down’ on investing in India: 'Cut obsession with gold imports'
Amid soaring global crude oil prices and an energy crisis fuelled by the ongoing US-Iran conflict, Sunil Bharti Mittal, also advocated the use of renewable energy.
Rupee closes at fresh low of 95.31 per dollar amid oil price surge
The rupee weakened sharply as rising Middle East tensions lifted crude oil prices, strengthened the dollar and intensified pressure on India's external balances
Beyond Gold And Oil: Sunil Mittal Calls For Shift To Renewables As Middle East Crisis Deepens
Sunil Mittal, Bharti Enterprises