US Treasury Secretary Scott Bessent indicates President Trump's plan to raise universal tariffs to 15% will likely be implemented this week, impacting global trade and stock futures amid Middle East conflicts.
Government's decision to hold fuel price cuts gives oil companies buffer against crude spikes. Nomura report says 10% crude rise may only add 10 basis points to inflation, less than theoretical impact.
The Indian rupee plunged to a historic low of 92.30 against the US dollar due to escalating West Asia tensions, threatening oil prices, exports, and remittances. Economists warn of impacts surpassing the Russia-Ukraine war.
Kolkata witnessed a dramatic surge in meat prices on Wednesday, with mutton reaching nearly Rs 1,000 per kg and chicken prices doubling in some areas. The spike, driven by Holi demand and deferred consumption due to a lunar eclipse, left shops sold out an
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International spot gold trades around $5,175-$5,186 per ounce, rebounding from March lows. Analysts see a potential range of $4,400 to $5,600 amid ongoing geopolitical uncertainties.
The Indian rupee is expected to experience continued depreciation pressures due to global economic factors and domestic challenges, according to Kotak Securities.
The Indian rupee tumbled by 67 paise to close at a historic low of 92.16 against the US dollar, driven by strong dollar demand and global economic pressures.
Gold futures traded higher on MCX, supported by firm global trends, while retail bullion rates in major Indian cities like Delhi and Mumbai saw a correction after recent gains.
India's services sector growth eased marginally in February as new business expansion hit a 13-month low, driven by softer demand and rising inflation, according to HSBC's PMI survey.
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India's services sector growth eased in February as the HSBC PMI fell to 58.1 from 58.5, driven by slower demand improvement and rising inflation pressures.
Gold prices may face resistance at Rs 1,63,275 per 10 gm on MCX, with positive bias driven by US-Iran conflict and central bank purchases. Spot gold support at $5,050-$5,070/oz.
India's service economy remains broadly stable, with the HSBC India Services PMI indicating steady growth and strong business confidence as the fiscal year concludes.
Gold and silver prices climb sharply as escalating US-Israel-Iran tensions drive investors to safe-haven assets, with MCX gold futures up 1.33% and silver jumping 2.1%.
The Indian rupee plunged 66 paise to a historic low of 92.15 against the US dollar, driven by surging oil prices and global risk aversion due to escalating Middle East conflicts. Analysts warn of continued strain on the currency and economy.
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The Indian rupee has plunged to an unprecedented low of 92.17 against the US dollar, marking a 0.7% decline and surpassing its previous record set in late January, as escalating Middle East tensions fuel economic uncertainty.
Asian equities faced a sharp sell-off as escalating Middle East tensions and surging oil prices unsettled investors. South Korea's Kospi fell 11%, Japan's Nikkei dropped 3.8%, and Hong Kong's HSI declined 2.7% amid global economic concerns.
Gold prices tumbled more than 5%, ending a four-day rally, pressured by a stronger US dollar and reduced expectations for interest rate cuts amid inflation concerns and West Asia conflict.
The Indian rupee is expected to face renewed pressure as the West Asia conflict escalates, disrupting oil supplies and trade flows. Asian currencies have already fallen sharply, with analysts predicting volatility.
Wholesale vegetable prices at Choithram market in Indore have fallen significantly due to increased arrivals and reduced demand ahead of Holi, providing relief to consumers grappling with high costs.
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Global stock markets experience a sharp downturn as the Iran conflict escalates, driving energy prices higher and stoking investor fears of renewed inflation pressures worldwide.
India expresses deep concern for its economy amid the ongoing West Asia conflict, highlighting that crucial trade and energy supply chains traverse the volatile region, posing significant risks to stability.
Global oil prices spiked sharply as the Iran conflict disrupted Middle East supplies, with the Strait of Hormuz effectively closed and key infrastructure hit, raising inflation fears.
As the US-Israel-Iran war disrupts global oil shipments, India's energy security faces scrutiny. With 90% crude imports and heavy reliance on the Strait of Hormuz, experts analyze India's strategic reserves, diversification efforts, and potential economic
Lithium carbonate futures in China plummeted nearly 13% to 150,860 yuan/ton as weaker electric vehicle sales and Middle East conflicts cloud demand outlook. BYD's EV sales fell over 40% year-on-year in February.
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Fitch Group's BMI warns that escalating Middle East tensions could deter investment in India, potentially negating growth benefits from upcoming EU and US trade agreements. A Strait of Hormuz closure might cut GDP by 0.5%.
Union Minister Hardeep Singh Puri assures India has sufficient energy reserves to handle Middle East tensions, addressing concerns over oil supply disruptions and rising costs.
Government sources confirm India's comfortable position with no plans to raise petrol and diesel prices despite escalating US-Iran-Israel tensions, citing robust reserves and strategic planning.
Gold pared early gains as traders weighed reduced monetary easing prospects due to higher energy prices from Middle East tensions. The metal slipped after hitting a one-month high on haven demand.
India maintains 100 million barrels of strategic crude oil reserves, sufficient for 40-45 days of consumption if Strait of Hormuz flows are disrupted. The nation spent USD 137 billion on imports in FY2025, highlighting energy security concerns.
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India maintains 100 million barrels of strategic crude oil reserves, sufficient for 40-45 days if Hormuz Strait flows are disrupted. The nation spent USD 137 billion on imports in FY2025 and USD 100.4 billion in first ten months of FY2026.
