India Reviews Oil Supply Amid Middle East Tensions
India's government reviewed crude oil and fuel supply amid Middle East tensions, monitoring developments to ensure domestic availability and affordability of petroleum products.
India's government reviewed crude oil and fuel supply amid Middle East tensions, monitoring developments to ensure domestic availability and affordability of petroleum products.
India's Index of Industrial Production increased by 4.8% year-on-year in January 2026, driven by manufacturing growth of 4.8% and electricity generation improvement of 5.1%. Mining activity also contributed with a 4.3% uptick.
India's foreign exchange reserves increased by $19.4 billion during April to December 2024-25, reaching $652.36 billion as of December 27, 2024, according to RBI data. This growth reflects strong external sector management and economic resilience.
India's industrial production growth declined to 4.8% in January from 8% previously, with cumulative growth at 4% for April-January period of current fiscal year.
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RecommendedGold prices declined in most Indian cities on Monday, with Kolkata seeing the sharpest drop, while Bangalore bucked the trend with gains. The correction comes amid softer domestic trends and global geopolitical tensions.
The escalating US-Israel-Iran conflict threatens India's economy through rising oil prices, stock market declines, trade disruptions, and inflation risks as key shipping lanes face closure.
Escalating Middle East tensions disrupt global oil supplies, pushing crude prices higher and threatening India's economy with inflation and wider deficits.
Escalating tensions in the Middle East, including attacks on Iran and threats to the Strait of Hormuz, could disrupt global oil supplies, potentially driving prices above $100 and triggering inflation worldwide.
Energy expert Narendra Taneja forecasts a temporary rise in oil prices due to US-Israel military operations, but expects stabilization within 7-10 days, emphasizing India's reliance on Persian Gulf supplies.
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RecommendedGold prices are forecast to remain volatile this week due to rising Middle East tensions, US-Israel-Iran developments, and economic data. Analysts see technical support for MCX Gold uptrend.
Experts highlight that India's revised GDP series strengthens data credibility and provides a stable economic outlook for FY26, with improved methodology and transparency.
The Indian rupee tumbled to 91.32 against the US dollar on Monday, driven by escalating Middle East conflicts, foreign fund outflows, and rising crude oil prices. Domestic equity markets also opened sharply lower.
The Indian rupee depreciated by 21 paise against the US dollar in early trading, opening at 91.23 and declining to 91.29. This marks a notable drop from its previous closing level amid market volatility.
Gold prices jumped over 1.7% to $5,368.09 an ounce as US-Israel strikes killed Iran's Supreme Leader, escalating Middle East tensions and boosting safe-haven demand.
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RecommendedGold prices climbed 2% and silver surged as Middle East tensions escalated after US-Israel strikes on Iran. Experts predict volatile markets with safe-haven demand driving prices higher amid global uncertainty.
Brent crude surged 10% to around $80 per barrel amid fears of supply disruptions through the Strait of Hormuz. OPEC producers agreed to increase output gradually starting April 2026 to prevent price spikes.
Former RBI Governor Shaktikanta Das declares India's decade of global influence, combining high GDP growth with macroeconomic stability and structural reforms.
The Indian rupee is expected to open lower and remain volatile in March as escalating tensions in the Gulf region drive global capital toward safe-haven assets like US treasuries, pressuring India's trade deficit and energy supplies.
Indian policymakers are closely monitoring oil prices and shipping disruptions following recent West Asia tensions, with potential impacts on energy costs and goods movement.
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RecommendedAn in-depth analysis of India's interim budget, exploring its political symbolism, economic implications, and the strategic timing ahead of the general elections.
As life expectancy rises, institutions must adapt to enable retirees to contribute professionally, tapping into their experience and skills for societal benefit.
Gold and silver prices are expected to open sharply higher on Monday as escalating Middle East tensions drive investors toward safe-haven assets. Analysts warn of high volatility amid geopolitical uncertainty.
India faces no immediate oil supply disruption from the West Asia conflict, but experts warn of potential price volatility and macroeconomic impacts due to the Strait of Hormuz's critical role in global energy shipments.
Former RBI Governor Shaktikanta Das outlines India's roadmap to global economic influence, emphasizing fiscal consolidation, trade expansion, AI-driven infrastructure, and green energy transition.
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RecommendedGlobal oil prices are set for an 8% spike due to escalating Middle East tensions, while gold and silver surge as investors seek safe-haven assets amid the Iran-Israel conflict.
The Indian government has introduced a deferred customs duty payment scheme for eligible manufacturer-importers, as announced in Budget 2026. This initiative aims to boost manufacturing competitiveness by easing cash flow pressures and streamlining import
India's foreign exchange reserves decreased by $2.11 billion to $723.608 billion in the week ending February 20, as per RBI data. The drop was primarily due to a fall in foreign currency assets.
Following military strikes in West Asia, India has activated contingency plans to safeguard energy supplies via the critical Strait of Hormuz, which handles over 40% of its crude imports, amid rising global oil prices.
The UAE Fuel Price Committee has announced higher petrol and diesel prices for March 2026, with Super 98 at Dh 2.59 per litre. This increase reflects global crude oil trends and geopolitical tensions in the Middle East.
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RecommendedPunjab faces a severe shortage of storage space for food grains, with rice stocks overflowing and the 2026-27 wheat harvest approaching. The FCI is urged to increase monthly wheat movement to 15 LMT to avert a crisis.