Category : Economy


Rupee's Fall and Its Economic Impact Explained

The Indian rupee's depreciation against the US dollar is analyzed, covering causes like global factors and domestic issues, and its effects on inflation, trade, and monetary policy.

India's Forex Reserves Fall to $688.06 Billion

India's foreign exchange reserves decreased by $1.029 billion to $688.06 billion for the week ending July 12, 2024, as reported by the Reserve Bank of India, with declines in foreign currency assets and gold reserves.

Pakistan Fuel Prices Surge Amid Global Oil Crisis

Pakistan has raised petrol and diesel prices for the second time in a month, citing global oil market volatility from Middle East conflicts. The hike adds to inflation and economic strain on citizens.

Govt Slashes Import Duty, Several Sectors to Gain

The Indian government has reduced import duties on key components, benefiting sectors like electronics, mobile phones, and electric vehicles. This move aims to boost domestic manufacturing and lower consumer costs.

India's Economy to Grow 7.5% in FY27, Boosted by Key Sectors

India's economy is forecast to expand by 7.5% in the 2026-27 fiscal year, with strong contributions from manufacturing and services sectors, according to recent analysis. This growth reflects robust domestic demand and strategic policy initiatives.

India Cuts Customs Duty on 40 Petrochemicals to Zero

In response to the West Asia crisis, India has eliminated customs duty on 40 petrochemical products to stabilize domestic supply and curb inflation. This strategic move aims to reduce import costs and support key industries.

Oil Volatility Surges Post-Trump Speech on Hormuz

Global oil markets experienced sharp volatility as prices initially dropped near $100 per barrel before rebounding over 4% after President Trump's address urged nations to reopen the Strait of Hormuz, impacting Brent and WTI crude benchmarks.

Chandigarh Meat Prices Jump: Chicken Up 25%, Supply Issues Hit

Retail meat prices in Chandigarh have surged dramatically, with broiler chicken increasing by 20-25% and mutton by 5-7%. Traders cite higher livestock costs, transportation expenses, and Middle East crisis disruptions as key factors driving the inflation.

Gold Falls Sharply on US Dollar Strength, Iran Tensions

Gold prices dropped sharply in futures trade, ending a four-day rally, as geopolitical tensions in West Asia strengthened the US dollar, pressuring precious metals. Analysts cite Trump's statements on Iran as a key factor.

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