The global toll map: Why moving goods across borders comes at uneven costs
The global toll map: Why moving goods across borders comes at uneven costs Read More »
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India’s forex kitty: Foreign exchange reserves jump $2.362 billon to $703.308 billion
India’s foreign exchange reserves surged by $2.362 billion to $703.308 billion in the week ending April 17, following a previous gain of $3.825 billion. This increase, driven by rising foreign currency assets and gold reserves, marks a rebound after a decline caused by Middle East geopolitical tensions.
India’s forex kitty: Foreign exchange reserves jump $2.362 billon to $703.308 billion Read More »
Dalal Street outlook: JP Morgan downgrades Indian equity markets to neutral; shares worst case scenario
JPMorgan has shifted its stance on Indian equities to neutral, citing high valuations and geopolitical uncertainties. The brokerage warns of a potential 15% Nifty 50 decline in a worst-case scenario, impacting earnings due to energy supply risks. While the long-term outlook remains robust, near-term caution is advised, with other emerging markets potentially offering better opportunities.
RBI revokes Paytm Payments Bank’s banking licence, will move High Court for winding up
The Reserve Bank of India has cancelled the banking licence of Paytm Payments Bank Limited, effective April 24. The central bank cited violations of the Banking Regulation Act, including mismanagement and failure to protect depositor interests. The RBI will initiate winding-up proceedings, assuring depositors of full repayment.
RBI revokes Paytm Payments Bank’s banking licence, will move High Court for winding up Read More »
Rupee’s valuation hits over-a-decade low: Currency hurt by Middle East war, FPI outflows
Rupee has hit a decade-low against global peers, driven by soaring oil prices and significant foreign investor withdrawals. This depreciation, reflected in a weakened Real Effective Exchange Rate, makes exports cheaper but imports costlier. Despite the current undervaluation, a swift recovery is not anticipated due to sustained dollar demand.
Rupee’s valuation hits over-a-decade low: Currency hurt by Middle East war, FPI outflows Read More »
High import dependence: India’s crude oil production falls for 11th consecutive year; gas also sees a dip
According to data from the Ministry of Petroleum and Natural Gas, crude production fell 2.5 per cent to 28 million metric tonnes in 2025–26. This marks a cumulative drop of 22 per cent since 2014–15.
Asian stocks today: Markets retreat after record-high due to oil surge, Iran tensions weigh
Asian markets faltered after touching record highs, weighed down by surging oil prices and lingering US-Iran peace talk uncertainties. Japan’s Nikkei briefly crossed 60,000 before retreating. Escalating Middle East tensions, including shipping disruptions, fueled oil price spikes, impacting investor sentiment across the region. Despite a Wall Street rally, regional markets succumbed to geopolitical anxieties.
India a ‘tough nut to crack’: US Trade Representative makes big statement as 3-day trade deal talks conclude
Under the proposed interim trade deal, the US has lowered tariffs on India from 50% to 18%. In August last year, Trump had imposed a 25% reciprocal tariff on India and an additional 25% penal tariff for India’s crude oil purchases from Russia.