August 4, 2022
August 4, 2022

India cuts fuel export taxes

India has cut fuel export taxes for the second time in less than two weeks and increased a windfall tax on locally produced crude oil, a government notification on Tuesday said.

August 4, 2022
August 4, 2022

India July inflation may ease: Barclays

India’s headline retail inflation is expected to ease to its lowest level in five months in July due to declining food prices as well as the lagged effect of a cut in fuel taxes, Barclays said.

August 3, 2022
August 3, 2022

India will not slip into recession

India will not slip into recession or stagflation, Finance Minister Nirmala Sitharaman told parliament on Monday, after opposition parties raised concerns about rising inflation and its impact on the economy.

August 3, 2022
August 3, 2022

RBI to raise key interest rates Friday

The Reserve Bank of India will hike its key interest rate on Friday, economists polled by Reuters said, but there was no consensus on the size of the move

August 2, 2022
August 2, 2022

Monsoon rains dampen India’s fuel demand

Gasoline and gasoil sales by Indian state refiners in July fell from a month earlier as monsoon rains restricted mobility and construction work while high inflation curtailed overall demand for goods, preliminary sales data shows.

August 2, 2022
August 2, 2022

India’s factory growth hits 8-month high

India’s factory activity expanded at its quickest pace in eight months in July, driven by solid growth in new orders and output as demand continued to improve on the back of easing price pressures, a private survey showed.

July 28, 2022
July 28, 2022

India’s economic outlook at the mercy of monsoon

The monsoon, which accounts for about 75 per cent of India’s annual rainfall, is the lifeblood of its nearly $3 trillion agriculture-dependent economy.

July 25, 2022
July 25, 2022

India has zero tolerance for rupee volatility

India’s central bank has zero tolerance for volatile and bumpy movements in the rupee and will continue to engage with the foreign exchange market to ensure the rupee finds its appropriate level, its chief Shaktikanta Das said on Friday.

July 24, 2022
July 24, 2022

Reliance posts highest-ever refining revenues

Indian oil-to-telecoms giant Reliance Industries reported earnings that missed analyst estimates Friday, despite a strong performance by its core oil-refining business.

July 20, 2022
July 20, 2022

Indian rupee plunges, hits 80 per dollar

The Indian rupee fell to more than 80 per US dollar for the first time on record Tuesday, as the greenback extended its rally and foreign capital outflows intensified.