Asian stock markets, including South Korea's Kospi and Japan's Nikkei, posted significant gains as crude oil prices retreated from near $120 per barrel. The rally followed comments from Donald Trump hinting at a potential end to the Iran conflict.
Finance Minister Nirmala Sitharaman stated that the recent surge in oil prices is not expected to cause a major acceleration in inflation, citing India's current low inflation rate and government measures to stabilize prices.
The Indian government has committed to maintaining stable fuel prices, assuring no increase until global crude oil surpasses $128 per barrel, despite ongoing West Asia conflicts.
The Indian rupee plummeted to a historic low of 92.33, dropping 58 paise, as escalating West Asia tensions drove crude oil to $119 a barrel and triggered foreign capital outflows.
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The Centre establishes a dedicated panel to ensure reliable LPG supply to the hospitality sector, with oil refineries directed to boost production for domestic use.
Commercial LPG supply halts across India as government prioritizes domestic users amid Iran war disruptions, forcing restaurants and industries to face shutdowns and black market risks.
The Indian government has committed to maintaining stable fuel prices, assuring no increase until global crude oil reaches $128 per barrel, amid ongoing West Asia conflicts.
Global oil prices surged to $120 a barrel due to Saudi output cuts and Hormuz disruptions, but India's government confirms no immediate fuel price hikes despite Brent's 65% rise since February.
Global oil prices have surged sharply, while Indian stocks and the rupee have fallen significantly due to escalating conflicts in West Asia, impacting financial markets and economic stability.
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Mizoram's primary sector share in GSVA declined to 16.72% in 2024-25, while the tertiary sector rose to 50.37%, indicating a structural economic shift, per the state's Economic Survey.
In response to geopolitical disruptions affecting fuel supplies, the Indian government has ordered oil refineries to increase LPG production for domestic use, while extending refill waiting periods to prevent hoarding.
Analysts warn that escalating global crude oil prices could impose an additional $7-8 billion monthly burden on India's economy, impacting trade deficits and inflation.
The Indian government has directed refineries to increase LPG production and prioritize domestic supply over commercial connections, while confirming no immediate petrol or diesel price increase unless global crude breaches $130 per barrel.
India must increase women's labour force participation to sustain 7% GDP growth, says Axis Bank report. Outdated restrictions on women's employment in sectors like chemicals and night shifts hinder economic potential as fertility rates decline rapidly.
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Government sources confirm petrol and diesel prices in India will not rise despite Middle East conflicts, citing ample reserves and diversified crude imports. Measures include LPG supply prioritization and aviation fuel stockpiles.
Brent crude oil prices approach $119 per barrel amid supply fears, threatening India's economy with higher fuel costs and inflation. A temporary US waiver for Russian oil provides minimal relief against daily demand of 5 million barrels.
Shares of major Indian oil marketing companies like IOC, BPCL, and HPCL fell sharply due to a sudden surge in global crude oil prices, raising concerns over profitability and fuel pricing.
The Indian rupee plunged to a record closing low of 92.35 against the US dollar, losing 53 paise due to rising crude oil prices, a strong dollar, and foreign fund outflows amid escalating Middle East conflicts.
The Indian rupee fell sharply by 53 paise to close at an unprecedented low of 92.35 against the US dollar, driven by strong dollar demand and global economic uncertainties impacting currency markets.
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Crude oil futures surged over 26% to a record high of Rs 10,549 per barrel as supply disruptions in the Strait of Hormuz led to output cuts by Middle Eastern producers, impacting global markets.
Gold futures tumbled 0.65% to Rs 1,60,582 per 10 grams on MCX due to soft global cues and weak local demand, while silver advanced 1.63% to Rs 2,63,923 per kg as market participants built fresh positions amid international uncertainties.
The Indian rupee fell sharply by 52 paise, revisiting its all-time intra-day low of 92.35 against the US dollar amid market pressures. This decline marks a significant downturn in currency performance.
Pakistan's finance minister warns monthly oil import costs could surge to $600 million as Middle East tensions drive crude prices above $100. Government seeks IMF relief and alternative fuel routes.
Finance Minister Nirmala Sitharaman states that the recent global crude oil price increase, driven by Middle East tensions, will not have a substantial effect on India's inflation rates, providing economic reassurance.
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Former Chief Economic Adviser Krishnamurthy Subramanian asserts India can maintain 8% GDP growth over the next 20 years, driven by reforms and demographic advantages.
Gold prices in the UAE fell sharply by Dh10 per gram on Monday, March 9, 2026, providing temporary relief to shoppers after a month of record highs. The drop is linked to a stronger US dollar and Middle East tensions affecting commodity markets.
India continues to import Russian crude oil as its largest supplier, unaffected by geopolitical tensions in Iran. Government sources confirm no dependence on foreign permissions for oil purchases.
Asian stocks opened sharply lower Monday, with South Korea's Kospi down 7.8% and Japan's Nikkei falling 6.6%, driven by surging oil prices above $118 a barrel and concerns over energy import-dependent economies amid Middle East conflicts.
The Indian rupee has plummeted to a record low of 92.52 against the US dollar, driven by a sharp surge in global crude oil prices and heightened market volatility.
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Global oil prices surged dramatically on Monday, climbing 20% to reach levels not seen since July 2022. The escalation of the US-Israeli war with Iran has triggered supply disruptions and heightened fears of prolonged instability around the critical Strai
