Reserve Bank Governor Sanjay Malhotra has said the government may eventually have to raise petrol and diesel prices if the ongoing Middle East crisis continues for a prolonged period, PTI reported on Wednesday.Speaking at a conference in Switzerland on Tuesday, Malhotra said the disruption in oil and gas supplies due to the conflict and blockade…
Gold of 99.9% purity moved lower, declining by Rs 2,000, or 1.3%, to Rs 1,52,800 per 10 grams (inclusive of all taxes), compared to its previous close of Rs 1,54,800 per 10 grams, according to the All India Sarafa Association. Market participants noted that gold came under pressure in a relatively thin trading environment, as…
Nearly all Indian refiners, except Numaligarh Refinery, are now importing Russian crude. (AI image) India’s imports of crude oil from Russia have dropped from the highs seen in March when the supply disruptions from the Middle East caused by the US-Iran war and the Strait of Hormuz closure prompted refiners to step up buys from…
Iran denies reopening Hormuz amid US blockade Iran declared that reopening the Strait of Hormuz is not possible as long as the US blockade of Iranian ports continues. Iran’s parliament speaker, Mohammad Bagher Ghalibaf, said that any ceasefire between Tehran and Washington is meaningless unless the naval blockade and what he called the “hostage-taking” of…
MUMBAI: The rupee recorded its strongest recovery in 13 years, rising 173 paise to close at 93.1 from Tuesday’s 94.83, after RBI tightened rules to curb speculative bets and forced a sharp unwinding of dollar positions.However, with a fresh round of US bombing in Iran post market hours, which resulted in global oil prices surging…
Since the onset of the geopolitical tensions, the currency has declined by roughly 4%. (AI image) Will the US-Iran war lead to the rupee hitting the 100 per dollar mark? Experts are of the view that a prolonged Middle East conflict may lead to the rupee depreciating even more with policy measures unlikely to offer…
Veteran actor Prem Chopra has shared a heartwarming anecdote about Amitabh Bachchan, revealing how the superstar checked in on him every single day during his recent health scare. The actor, who was hospitalised in Mumbai in November last year, said that Amitabh has been sending him “get well soon” messages daily—even after being told that…
NEW DELHI: Delhi woke up to a chilly Tuesday morning with the mercury dipping to 3°C, as a cold wave and dense fog continued to grip the city. Air quality remained a concern, with the overall Air Quality Index (AQI) recorded in the “very poor” category.According to the Central Pollution Control Board (CPCB), Delhi’s AQI…
The rupee slipped again below the psychologically important 90 level and settled 22 paise lower at 90.20 (provisional) against the US dollar on Friday, weighed down by disappointing domestic macroeconomic data and a stronger greenback in overseas markets, PTI reported.At the interbank foreign exchange, the rupee opened at 89.95 and moved between an intra-day low…
NEW DELHI: Air quality in Delhi deteriorated on Friday, with the overall Air Quality Index (AQI) recorded at 311, placing it in the ‘very poor’ category, according to data from the Central Pollution Control Board’s (CPCB) SAMEER app. The decline in air quality came amid chilly winter conditions in the national capital, with pollutants lingering…