Image for representational purposes only. File | Photo Credit: Reuters The rupee gained 15 paise to 94.70 against U.S. dollar in early trade on Wednesday (April 1, 2026), tracking positive cues from domestic equity markets and retreating American currency overseas. The local currency, however, remained under pressure due to higher crude oil prices and sustained…
Gold tends to thrive in a low-interest-rate environment as it is a non-yielding asset. Gold prices edged higher on Wednesday to their highest in nearly two weeks, supported by a weaker dollar as US President Donald Trump said the war with Iran could wind down within two to three weeks. Spot gold rose 0.4 per…
A cook prepares food amid a shortage of commercial LPG cylinders at Fort in Mumbai. File | Photo Credit: PTI The price of aviation turbine fuel (ATF), or jet fuel, was more than doubled to a record ₹2.07 lakh per kilolitre on Wednesday (April 1, 2026), while commercial LPG rates were raised by ₹195.50 per…
Rising geopolitical instability in West Asia is forcing a reassessment of how India’s macroeconomic strength is measured. As of March 2026, this instability has translated into active macroeconomic stress. The rupee has depreciated to a record low of ₹95 per dollar, the Indian basket of crude oil hit $156.29 per barrel, and the Reserve Bank of India…
“Even if you scale up to say 2 crore, or 5 crore, we are totally sufficient with respect to our domestic consumption,” Anjan Kumar Mishra, Secretary at the Petroleum and Natural Gas Regulatory Board (PNGRB), said. Photo: Special Arrangement India can comfortably cater to the demand of as many as 30 crore domestic piped natural…
After limestone, most of the blocks that have been made operational are that of iron ore. | Photo Credit: Reuters In a first for the country, the Ministry of Mines informed on Tuesday (March 31, 2026) that thirty mineral blocks have been made operational in a single financial year, that is, FY 2025-26. Essential to…
See also: | Photo Credit: scanrail Gold rose on Tuesday but was set for its biggest monthly slump in nearly two decades, as fading rate cut expectations, surging energy costs and a firmer dollar amid the Iran war weighed on demand. Spot gold rose 1.8% to $4,593.12 per ounce by 1208 GMT, hitting its highest…
For every dollar inflow in physically-backed gold exchange-traded funds (ETFs) in March, there was an outflow of $2.3, according to data from the World Gold Council (WGC). While investments in gold ETFs totalled $9.12 billion, investors chose to cash in $21.35 billion. Overall, gold ETFs witnessed more outflows in all four weeks of the month….
Gold prices rose on Tuesday on hopes of de-escalation in the Middle East conflict, but were poised for their worst month in more than 17 years as higher energy prices dimmed hopes for a U.S. interest rate cut this year. Spot gold was up 1.1% at $4,561.68 per ounce, as of 0427 GMT. U.S. gold…
A view of the RBI headquarters in Mumbai. | Photo Credit: Reuters In a move viewed by a section of analysts as a temporary relief to banking credit lines for brokers, the Reserve Bank of India (RBI) has deferred the implementation of the Amendment Directions on Capital Market Exposures by three months to July 1, 2026….
