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RBI opens door for rupee trade settlement with 22 countries
Gives nod to banks from 22 countries to open Special Vostro Rupee Accounts (SVRA) and use Indian rupees for settling payments
World markets mixed as investors sell tech shares
In Asia, Tokyo’s Nikkei and Australia’s S&P/ASX 200 made gains while most major exchanges slid into negative territory
Low oil demand this year amid slowdown: IEA
Paris-based agency slashed its oil demand forecast by 1.40 lakh barrels per day (bpd) to 1.1 mn bpd
The continuous rise of oil prices will have cascading effect
The average annual crude oil prices in 2024 and 2025 are forecast to remain near their 2023 average because global supply and demand for petroleum...
50 bps rate cut likely in 3QFY25: Report
New Delhi: Rising global risks, including the rise in crude oil prices, may delay RBI’s rate cuts, analysts said. “While we maintain our call for...
Precious metals in bearish trajectory
Gold prices recorded most challenging week as the US dollar and bond yields strengthened following a stance from US central bankers that pushed back...
Decline in global oil prices relief for Indian economy
New Delhi: The decline in global oil prices, despite the geopolitical uncertainty in West Asia, has come as a major shot in the arm for the...
Rewind 2023: Year of oil production cuts
In 2023, the oil markets exhibited distinctive features, with a pivotal factor being the prolonged production cuts enforced by OPEC+ (the Organization...