Gold, Silver Prices Drop on Dollar Strength, Policy Fears
Precious metal prices fell sharply on Friday, with silver tumbling 4% to Rs 2.7 lakh/kg and gold sliding to Rs 1.6 lakh/10g due to a robust US dollar and global monetary policy concerns.
Category : Economy
Fitch Ups India's GDP Growth Forecast to 7.5% for FY26
Fitch Ratings has upgraded India's GDP growth projection for fiscal year 2026 to 7.5%, citing robust economic momentum and strong domestic demand. This revision reflects confidence in India's economic resilience and policy framework amid global uncertaint
India's Forex Reserves Drop $11.7 Billion as RBI Supports Rupee
India's foreign exchange reserves fell sharply to $716.8 billion, with the RBI selling dollars to support the rupee amid Iran-Israel conflict pressures and rising oil prices.
Rupee Hits Record Low at 92.46 Amid War, High Crude Prices
The Indian rupee closed at 92.46 on Friday, down 27 paise, after touching a record low of 92.48. High crude prices, weekend dollar demand, and geopolitical tensions from the Iran-Israel war pressured the currency, with RBI intervention limiting losses.
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India Launches Rs 1 Lakh Crore Economic Fund Amid Conflict
Finance Minister Nirmala Sitharaman announces a Rs 1 lakh crore Economic Stabilisation Fund to tackle global headwinds from the West Asia conflict, ensuring fiscal resilience and support for key sectors like fertilizers and food security.
India LPG Shortage: Govt Urges PNG Shift Amid Crisis
India faces LPG cylinder shortages due to West Asia tensions disrupting imports. Govt urges households and businesses to switch to PNG, prioritizes domestic supply.
Gurgaon Vendors Hit by LPG Shortage, Risk Shutdown
Hundreds of food vendors in Gurgaon are on the brink of closure due to a severe LPG supply crunch, triggered by global conflicts disrupting energy routes. Many are forced to consider returning to their hometowns as suppliers fail to deliver.
India's Energy Crisis Deepens Amid Hormuz Closure
The closure of the Strait of Hormuz due to West Asia conflict is severely impacting India's crude oil and gas imports, leading to inflation and supply chain disruptions across households and industries.
Egg Prices Drop in Wholesale, But Bengaluru Shops Hold Steady
Despite a sharp decline in wholesale egg prices in Karnataka due to export disruptions from the West Asia conflict, consumers in Bengaluru see no relief as retailers maintain high rates, highlighting supply chain issues.
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Punjab Most Fiscally Stressed State, Haryana Moderate: NITI Aayog
NITI Aayog's Fiscal Health Index ranks Punjab as the most fiscally stressed major state, with Himachal Pradesh facing structural pressures, while Haryana shows moderate stability amid rising debt concerns.
India's Forex Reserves Fall to $716.81 Billion
India's foreign exchange reserves decreased by $11.68 billion to $716.81 billion in the week ending March 6, 2026, with gold reserves also dipping by $1.612 billion, as reported by the Reserve Bank of India.
LPG Crunch Revives Chullahs in Punjab & Himachal Hinterland
Amid a severe LPG shortage, villagers in Punjab and Himachal Pradesh are returning to traditional chullahs for cooking, with government approval for alternative fuels like coal and firewood easing the transition.
LPG Shortage Triggers Deaths, Black Markets, Job Losses Across India
A severe shortage of LPG cylinders due to the Iran-US-Israel conflict is causing deaths, black marketing, restaurant closures, and widespread disruption across India, from Tamil Nadu to Punjab.
Uttarakhand LPG Crisis Deepens Amid Iran War Supply Disruption
Residents across Uttarakhand face severe LPG shortages with failed online bookings and long queues. Small businesses are hit hardest, resorting to alternative cooking methods as authorities crack down on black marketing.
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India's Forex Reserves Drop $11.7 Billion After Record High
India's foreign exchange reserves fell sharply by $11.683 billion to $716.810 billion in the week ended March 6, reversing the previous week's surge to a record high, as per RBI data.
Middle East Tensions Trigger India's LPG Supply Alarm and Panic
India faces LPG supply concerns as Iran's actions in the Strait of Hormuz disrupt energy imports, leading to long queues and government interventions to ensure domestic household supply.
LPG Crisis Hits Idukki: Hotels Close, Funeral Rites at Risk
A severe cooking gas shortage in Idukki district has forced 20 hotels to shut down, disrupted funeral rites, and sparked household concerns. With 30 LPG agencies serving 3.5 lakh consumers, distribution issues threaten daily life.
Centre Pushes PNG, Warns LPG Hoarders Amid Supply Concerns
Amid West Asia conflict, the Centre urges households to switch to piped natural gas and warns of strict action against LPG hoarding as bookings surge due to panic buying.
Supplementary Demands Rs 4.13 Lakh Crore, Within Budget: FM
Finance Minister Nirmala Sitharaman informed Lok Sabha that total supplementary demands for grants reached Rs 4.13 lakh crore, with Rs 1.71 lakh crore being technical adjustments. She emphasized expenditure remains within budget limits, highlighting alloc
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India Turns to Kerosene, Coal Amid LPG Supply Disruption
India temporarily reverts to kerosene, coal, and biomass for cooking as Middle East tensions disrupt LPG imports through Strait of Hormuz, affecting 60% of supplies.
Over Half of Indian Homes Faced LPG Delivery Delays: Survey
A recent survey indicates that more than half of Indian households experienced delays in LPG cylinder deliveries last week, with some paying extra due to supply chain disruptions from the West Asia conflict.
Delhi Street Vendors Hit by LPG Shortage, Black Market Thrives
A severe LPG availability crisis in Delhi is devastating street vendors' livelihoods, forcing many to borrow money, use savings, or turn to expensive black market cylinders to keep their food stalls operational.
Economic Stabilisation Fund to Manage Global Challenges: Sitharaman
Finance Minister Nirmala Sitharaman introduced an Economic Stabilisation Fund of Rs 57,381.84 crore to protect India from external economic shocks. The Lok Sabha approved supplementary demands for grants, enabling Rs 2.01 lakh crore in additional spending
Govt Assures LPG Supply Amid West Asia War, Warns Against Panic
The Indian government held inter-ministerial briefings to address LPG supply concerns amid the Israel-Iran conflict. Officials reported a 30% increase in domestic LPG production and urged consumers to book cylinders online, while denying any distributor s
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US Allows Russian Oil Sale as Iran War Disrupts Global Supply
The US has issued a 30-day waiver for Russian oil sales and plans to release strategic reserves as the Iran-Israel conflict disrupts Middle East energy flows, pushing crude prices above $100 a barrel.
Economic Stabilisation Fund to Tackle Global Challenges: Sitharaman
Finance Minister Nirmala Sitharaman announced the Economic Stabilisation Fund in Lok Sabha, designed as a buffer to absorb shocks from unforeseen global challenges like the West Asia crisis.
Rupee Hits Record Low of 92.45 Against US Dollar
The Indian rupee depreciated by 20 paise to close at a historic low of 92.45 against the US dollar, driven by a stronger greenback, foreign fund outflows, and domestic equity market selling.
India Sets Up Rs 1 Lakh Crore Economic Stabilisation Fund
Finance Minister Nirmala Sitharaman announced a Rs 1 lakh crore Economic Stabilisation Fund to bolster fiscal stability against global disruptions, including West Asia tensions, while maintaining a 4.4% GDP deficit.
LPG Shortage Fears Spark Long Queues Across India
Long lines outside LPG refilling stations continue as Iran's blockade of the Strait of Hormuz raises fuel supply concerns. State governments implement measures while assuring public.
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West Asia Crisis: Oil Questions for European Central Bank
The European Central Bank faces critical challenges as the West Asia crisis heightens oil market volatility, impacting inflation and monetary policy decisions in Europe.
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