Category : Economy


India's Russian Oil Imports Drop to 15-Month Low

India's crude oil imports from Russia fell to their lowest share since late 2022 in January, dropping to 21.2% as Middle East supplies surged. US sanctions and trade deal pressures drive the shift, with China now Russia's top buyer.

Gold Prices Surge: MCX Futures Jump Rs 1,297 on Wednesday

Gold prices surged sharply on Wednesday, with MCX futures rising Rs 1,297 to Rs 1,52,715 per 10 grams. Strong spot demand and fresh speculative buying drove gains, mirrored in global markets where spot gold rose 0.8%. Silver saw even stronger gains of 2.8

Budget 2026-27 Aims to Simplify Customs, Boost Manufacturing

Finance Minister Nirmala Sitharaman's Union Budget 2026-27 focuses on customs and excise reforms to simplify tariffs, support domestic manufacturing, and enhance export competitiveness through digital initiatives and duty rationalization.

GST Relief Ends: FMCG Giants Hike Prices Up to 5%

After six months of stable pricing post-GST cuts, Indian consumer goods companies are raising prices by up to 5% due to rising commodity costs and a weak rupee. Essential items like detergents, hair oils, and cereals are seeing higher tags.

Gold Imports Fall 18%, Silver Soars 56% in India

India's gold imports fell 18.3% in volume but rose 1.8% in value due to higher prices, while silver imports surged 56% in volume and more than doubled in value, driven by industrial demand.

India's Trade Deficit Widens to $34.6 Billion in January

India's trade deficit reached a three-month high of $34.6 billion in January 2024, as imports surged 19.1% to $71.2 billion, fueled by spikes in gold and silver shipments. Exports remained nearly flat at $36.6 billion, with declines in gems and jewelry an

India's Currency in Circulation Hits Record Rs 40 Lakh Crore

India's currency in circulation reached a historic Rs 40 lakh crore in January 2026, growing 11.1% year-on-year. However, the cash-to-GDP ratio fell to 11.2%, indicating digital payments are financing more economic activity despite higher absolute cash ho

Rupee Falls 8 Paise to 90.74 vs Dollar on Foreign Outflows

The Indian rupee declined 8 paise to close at 90.74 against the US dollar on Monday, pressured by a robust American currency and foreign fund withdrawals. Lower crude oil prices and positive domestic equities helped limit the fall.

Trade Deficit Hits Rs 3.14 Lakh Crore in Jan on Gold Imports

India's trade deficit expanded to Rs 3,14,821 crore in January 2024, driven by a significant rise in gold imports, according to recent government data. This marks a notable increase from previous months, highlighting ongoing trade imbalances.

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