Gold prices are down about 16% since the US-Israeli war on Iran began on February 28, pressured by a stronger US dollar, which has gained more than 2% over the same period. Gold rose over 1 per cent on Friday, buoyed by a weaker dollar and bargain hunting, but was on track for a fourth…
Image used for representation purpose only | Photo Credit: Getty Images/iStockphoto The rupee crashed 33 paise to a fresh all-time low of 94.29 against the U.S. dollar in early trade on Friday (March 27, 2026), weighed down by elevated oil prices and a stronger greenback amid no breakthrough in the West Asia conflict. Heavy sell-off…
Oil prices fell on Friday (March 27, 2026) after Donald Trump again pushed back a deadline for Iran to reopen the Strait of Hormuz, though most equities also dropped as traders shrugged at the news following a series of conflicting messaging from the White House. The U.S. President had warned last Saturday he would obliterate…
Long queues seen before petrol pumps in Belagavi. FIle | Photo Credit: The Hindu India slashed its special excise duties on petrol and diesel, as fuel prices stay volatile with supplies choked by the Iran war. In a government order on Thursday (March 26, 2026), Union Finance Ministry reduced the special excise duty on petrol…
Image used for representational purposes. File | Photo Credit: Reuters Foreign institutional investors (FII) sold ₹1,12,244 crore worth of Indian stocks this month as markets remain extremely exposed to oil price shocks, according to data from National Securities and Depositories Ltd. (NSDL). This selling is the most aggressive FIIs have ever made in a month…
The story so far: Gold, long seen as a safe haven in times of crisis, is behaving differently this time since the onset of the West Asian conflict on February 28. Since the start of the war, gold prices have fallen sharply. In India, 24-carat gold, which was trading close to ₹1.9 lakh per 10…
A crude oil tanker, ‘Shenlong’, that passed through the Strait of Hormuz, has arrived at Mumbai Port. File picture | Photo Credit: Special Arrangement The Indian government is “experimenting” with conducting trade with the West Asian countries in local currencies, in a bid to mitigate the fiscal double-hit of surging oil prices and a depreciating…
People throng the fuel station amid rumours of fuel shortage in the wake of the West Asian conflict, in Srinagar, Jammu and Kashmir, on March 26, 2026 | Photo Credit: Imran Nissar India has about 60 days of fuel stock cover, the government said on Thursday (March 26, 2026), adding that there is no shortage…
Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI) (top centre) and the foreign exchange rate between U.S. dollar and South Korean won (top left) at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea on March 26, 2026. | Photo Credit: AP Asian…
The Iran war is upending the global LNG outlook as soaring prices, damage to major supplier Qatar’s export infrastructure and potential delays to new supply raise doubts about previously expected demand from price-sensitive Asian buyers. Before the war, analysts expected global liquefied natural gas supply to rise as much as 10% this year to between…
