The repeated hikes in petrol and diesel prices come as India faces mounting pressure from elevated global crude oil prices linked to the ongoing West Asia conflict and disruptions around the Strait of Hormuz, one of the world's most important oil shipping routes.
As crude oil prices stay elevated and the rupee weakens further, a growing number of experts now argue India's real risk is not crossing 100 against the dollar, but rising inflation and slowing growth.
Venezuela became India's third-largest crude supplier in May, overtaking Saudi Arabia and the United States. The shift shows how lower prices and regional supply disruptions are reshaping India's crude sourcing.
The rupee has extended its losing streak as a stronger dollar, costly crude and foreign outflows weigh on it. The sharper slide against several Asian peers has turned the move into a wider inflation and trade concern.
If you have been tracking silver prices, Thursday may have come as a surprise. Silver dropped by over Rs 4,000 on the MCX, even as global uncertainty remained high. Here are the three key factors behind the sharp fall.
The rupee slipped to a fresh record low of 96.44 against the US dollar on Tuesday, nearing the Rs 97 mark. Rising crude prices, weak capital inflows and higher US yields are adding to pressure on India's external finances despite RBI intervention.
Russia, Gulf producers and the United States are competing harder for India's oil market as the West Asia war disrupts trade routes. The scramble underlines India's growing leverage as one of the few big economies where oil demand is still rising.
State-run oil companies have raised petrol and diesel prices again across major cities. The move has revived talk of a 2022-style pattern of small, frequent fuel hikes.
India said it will continue buying crude oil from Russia regardless of the US sanctions waiver position. The statement underlined New Delhi's focus on energy security and commercially viable supplies amid elevated oil prices.
Just days after gold prices surged sharply, the rally appears to have lost some steam. MCX gold saw only a small rise on Monday, signalling caution in the market. Here's a look at the key reasons why the yellow metal has suddenly slowed down.
The rupee weakened 0.3% to 96.05 against the dollar, crossing its previous all-time low of 95.9575 touched in the previous session.
The government and state-run oil companies raised petrol and diesel prices by Rs 3 per litre on Friday after keeping rates unchanged for weeks.
In an interaction with indiatoday.tech, Akshay Chinchalkar, Managing Partner and Head of Markets Strategy at The Wealth Company, explains rising market stress, rupee weakness, soaring gold prices and investor fears.
With gold prices surging after the import duty hike, investors are increasingly turning towards ETFs as a cheaper, more flexible alternative to physical bullion amid rising uncertainty and rupee weakness.
The ban applies to exports of raw, white and refined sugar, although shipments already in the export pipeline under specific conditions will still be allowed. Certain quota-based exports to the US and European Union remain exempt.
After the government raised gold import duty, fresh attention has turned to petrol and diesel prices as crude stays high. Remarks by PM Narendra Modi, the RBI and the IMF have sharpened concerns that consumers may not stay protected indefinitely.
Gold prices were already high, and now a fresh duty hike has made them even steeper. With jewellery stores expected to revise prices in the coming days, one big question remains, i.e., how will this impact your next purchase?
The customs duty hike on gold and silver has rattled jewellery stocks, with concerns rising over weaker demand and higher costs. With shares of major players turning volatile, investors are now asking a key question: is this a buying opportunity or a signal to wait?
Gold futures on MCX jumped Rs 9,206, or 6%, to Rs 1,62,648 per 10 grams in early trade. Silver futures also rallied strongly, rising Rs 16,743, or 6%, to Rs 2,95,805 per kg as of 9 am.
With gold prices showing little movement in recent days, many investors are left wondering what to do next. Is this a pause before another rise, or a good moment to lock in profits and sell?
