Rupee Rises 23 Paise to 92.91 Against US Dollar
The Indian rupee strengthened by 23 paise to settle at 92.91 against the US dollar on Friday, driven by easing geopolitical tensions and positive domestic equity market sentiment.
Category : Economy
Oil Plunges 10% on Strait of Hormuz Reopening, Lifts Stocks
Crude oil prices plummeted more than 10% after the Strait of Hormuz reopened, easing supply fears and sparking a global stock rally. US indices surged, with airlines and cruise lines leading gains amid optimism over easing tensions.
India's Forex Reserves Rise $3.8B to $700.9B in April
India's foreign exchange reserves increased by $3.825 billion to $700.946 billion for the week ended April 10, 2024, as per RBI data. This follows a previous week's gain of $9.063 billion, with gold and foreign currency assets contributing to the rise.
Adani Surpasses Ambani as Asia's Wealthiest Individual
Gautam Adani has reclaimed the title of Asia's richest person with a net worth of $92.6 billion, edging out Mukesh Ambani. The shift follows a rally in Adani Group stocks tied to India's infrastructure and energy transition.
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India's Forex Reserves Jump $3.8B to $700B Mark
India's foreign exchange reserves increased by $3.8 billion, reaching over $700 billion, driven by foreign currency asset appreciation and strategic RBI management.
India Falls to 6th Largest Economy: IMF Ranking Explained
India's drop to the world's 6th largest economy in IMF data stems from currency fluctuations and technical revisions, not economic slowdown. With growth projections around 6-6.5%, India remains the fastest-growing major economy globally.
Rupee Gains 21 Paise, Settles at 92.93 vs Dollar
The Indian rupee appreciated by 21 paise to close at 92.93 against the US dollar on Friday, driven by easing geopolitical concerns and strong domestic equity market performance.
India Stable Global Capital Hub with $4.4 Trillion Market Cap
India is recognized as a stable global capital hub, boasting a market capitalization of $4.4 trillion, as highlighted by Tuhin Kanta Pandey, reinforcing investor confidence and economic resilience.
Gold Consolidates After Retail Buying Frenzy, Jefferies Says
Gold prices are stabilizing after a strong retail-driven rally, with imports in key markets like India showing significant declines. Jefferies highlights disciplined capital management in the mining sector as a supportive factor.
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Pakistan Power Crisis: 6-7 Hours Daily Load Shedding Confirmed
Power Minister Awais Leghari apologizes for 6-7 hours of daily load management, blaming LNG disruptions from Middle East war and low hydropower. Shortfall hits 3,400MW.
Rupee Rises 28 Paise to 92.86 vs Dollar in Early Trade
The Indian rupee appreciated by 28 paise to 92.86 against the US dollar in early trade, supported by foreign equity inflows despite a firm dollar pressuring the currency, as per forex traders.
Stagnant Wages and Simmering Unrest: Economic Concern
Stagnant wages amid rising inflation are fueling worker unrest globally, posing risks to economic stability and social harmony. This editorial explores the causes and potential solutions.
War, Oil, Poverty: India Needs Atmanirbhar Bharat 2.0
India's development gains are vulnerable to external shocks like war and oil crises, highlighting the urgent need for a more robust Atmanirbhar Bharat 2.0 strategy.
India's Growth Hits Water Scarcity Barrier
India's rapid economic expansion is increasingly constrained by severe water scarcity, threatening sustainability and requiring urgent policy interventions.
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India Falls to 6th Largest Economy in 2025, IMF Data Shows
India slipped one rank to become the world's sixth largest economy in 2025, according to IMF estimates. A weaker rupee and GDP base year revision contributed to the UK overtaking India despite faster growth.
India's Economy to Grow 7.5% in FY 2026-27: Finance Ministry
India's Finance Ministry projects robust economic growth of 7.5% for FY 2026-27, driven by strong domestic demand, manufacturing, and services sectors, with inflation expected to moderate.
India Slips to 6th Spot in IMF Global Economy Rankings
India has fallen to sixth place in the IMF's global economy rankings for 2024, with the UK overtaking it to claim fifth position. The shift reflects updated GDP data and economic adjustments.
RBI Launches 49th Services and Infrastructure Survey for Q1 FY27
The Reserve Bank of India has initiated its 49th Services and Infrastructure Outlook Survey to assess business conditions for the first quarter of fiscal year 2027, gathering insights from key sectors to inform economic policy.
China's Q1 2026 GDP Growth Beats Forecasts, Shows Resilience
China's economy grew 5.0% year-on-year in Q1 2026, surpassing expectations and marking its fastest pace in three quarters. The rebound suggests limited immediate spillovers from the Iran conflict, though analysts warn of future risks.
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Gold Prices Rise in Major Cities, MCX Futures Up
Gold prices increased slightly on Thursday, with MCX futures rising and retail rates climbing in major Indian cities like Delhi, Mumbai, and Chennai.
West Bengal's Economic Trajectory: Beyond Simple Decline Narratives
New analysis of six decades of data reveals West Bengal's economic story is more complex than a simple narrative of decline, with inflation adjustments showing a less dramatic trajectory compared to national trends.
India's Economy to Grow 6.3% in FY27 Despite High Oil Prices
S&P Global projects India's GDP growth at 6.3% in FY27, even if crude oil averages $130 per barrel. The report highlights strong domestic demand and economic resilience.
India's LPG Imports Halve, US Emerges as Top Supplier
India's LPG imports plummet to half of February levels due to Middle East disruptions, with the US now the largest supplier. Domestic production also dips, tightening supply amid global market volatility.
India's Growth at 6.5% in FY27, Double Global Average: IMF
The International Monetary Fund reaffirms India as the fastest-growing major economy with 6.5% growth projection for FY27, nearly double the global average, driven by strong fundamentals and domestic demand.
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India's Double Oil Shock and Inflation Pains Explained
India confronts a double oil shock from global price volatility and supply disruptions, driving inflation and economic strain. Experts analyze impacts on fuel, food, and policy responses.
Kerala's Gulf Economy in Flux, New Opportunities May Emerge
Reports of layoffs and hiring freezes in Gulf nations are causing anxiety for Kerala families reliant on NRI incomes, but experts suggest this crisis could spur new economic opportunities.
LPG Bookings Fall to 43-44 Lakh in April, Supply Normalizes
Domestic LPG refill bookings have declined to 43-44 lakh cylinders in April from a peak of 89 lakh in March, reducing strain on supplies. Government data shows daily bookings below 50 lakh since April 3, with normal delivery operations.
Govt Cuts Onion Buffer Stock Target by 33% for 2026
The Union government has set a target to procure 2 lakh tonnes of onions through Nafed and NCCF starting May, a 33% reduction from last year's 3 lakh tonnes, citing stable prices and adequate supply.
IMF Forecasts India's GDP Growth at 7.8% for FY25
The International Monetary Fund (IMF) projects India's GDP to grow by 7.8% in FY25, driven by strong domestic demand and investment. This forecast highlights India's resilience amid global economic challenges.
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PLI 2.0 for Mobile Phones: $5B Boost to Exports
India plans to launch PLI 2.0 for mobile manufacturing by May with over $5 billion outlay, focusing on doubling exports. The scheme follows the success of the initial PLI program.
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