Tag
RBI data through May 2026 shows that its 85 basis point repo rate cuts since February 2025 are only partially reaching borrowers, with lending rate transmission described as moderated. Slower pass-through limits relief for loan holders and may pressure the RBI to cut rates further to achieve its growth goals.
Xi Jinping is visiting North Korea in a rare high-level diplomatic exchange, the FIFA World Cup is underway globally, and India is preparing to release key Consumer Price Index inflation data. The inflation print could influence RBI rate expectations and move Indian bond and equity markets.
India's Finance Ministry described the May 2026 economic outlook as showing cautious resilience, while flagging a likely moderation in activity. Strong services exports, adequate foreign exchange reserves, and a stable labour market are the three factors the ministry cited as supporting stability.
India has raised petrol and diesel prices for the fourth time in under two weeks as surging global crude costs and the Iran conflict push oil marketing companies past the point of absorbing daily losses. Consumers are now bearing costs the government had largely shielded them from until now.
Moody's has cut India's GDP growth forecast for 2026 and 2027 to 6%, down 0.8 and 0.5 percentage points respectively, citing high energy costs, weaker consumption, and Strait of Hormuz disruptions. India's 90% energy import dependency makes it among Asia-Pacific's most exposed economies to the ongoing US-Iran standoff.
The Indian rupee fell to a record low of 95.63 against the U.S. dollar in early interbank trade, opening at 95.57 before sliding further. The fresh all-time low raises import costs and puts pressure on the Reserve Bank of India to respond.
The Indian rupee dropped 19 paise to a record low of 95.50 against the US dollar, its weakest level ever. The move raises costs for importers and fuels inflation risks, with currency markets now debating whether the rupee could slide toward the 100-per-dollar mark.
HSBC has cut its India GDP growth forecast for FY27 to 6%, blaming an energy crisis and deficient rainfall. The bank also expects the RBI to deliver two rate cuts to support slowing growth.
India's central government is targeting up to a 20% cut in fuel consumption through a voluntary nationwide movement aimed at reducing exposure to global oil price shocks. With India among the world's largest oil importers, the effort is designed to protect the economy from energy market volatility.
PM Modi, at a Telangana BJP rally, urged citizens to save foreign exchange to help India manage the economic impact of the ongoing war. He cited sharp rises in petrol and fertilizer prices as the key pressure points hitting household and farm costs.
India's equity market premium over emerging market peers is eroding as rising global oil prices and weaker-than-expected domestic growth hit simultaneously. Higher import costs, rupee pressure, and squeezed margins are prompting investors to question whether India's valuation premium is still justified.
India's state-run oil companies are absorbing large daily losses as global crude prices stay high and the West Asia crisis strains supply routes. A fuel price hike is being weighed to ease the financial burden, though no timeline has been announced.
India's core sector output shrank 0.4% in March, hitting a 19-month low, with crude oil production falling 5.7% year-on-year. Since these eight industries make up roughly 40% of industrial output, the drop is likely to weigh on broader factory output data when it is released.
India's industrial output grew 4.1% in March, slowing from 5.2% in February but still beating analyst estimates. Geopolitical tensions linked to Iran weighed on sentiment, though the above-forecast print signals underlying resilience in domestic industrial activity.
Government sources say a petrol and diesel price hike cannot be ruled out soon, as oil companies face mounting losses. Retail fuel prices have been frozen for four years while global crude costs have risen sharply. An increase would raise costs for consumers and could push up broader inflation.
Global crude oil prices have jumped from around $70 per barrel last year to over $114 per barrel this month, raising the likelihood of petrol and diesel price hikes in India. Indian state oil companies are currently absorbing the cost gap, but that buffer is under strain. A retail fuel price revision could push up
India's GST collections reached a record ₹2.43 lakh crore in April 2025, up from the previous high of ₹2.23 lakh crore in April 2024. The roughly 9% year-on-year rise eases pressure on the fiscal deficit and boosts government spending capacity.
India's gross GST collections rose 8.7% year-on-year to Rs 2.43 lakh crore in April, the highest monthly figure on record. Strong collections signal healthy consumer demand and improved tax compliance, easing fiscal pressure on the government. This is the first major revenue read of the new financial year.
The RBI moved 104 tonnes of gold to domestic vaults, raising India-held reserves to around 510 tonnes out of a total 880 metric tonnes. A rally in gold prices lifted the metal's share of India's forex reserves to 16.7%, up from 13.92% six months ago. The repatriation continues a trend the RBI started in 2022.
The Indian rupee fell to a record low Thursday as crude oil prices climbed back to 2022 highs. Higher oil costs expand India's import bill, widen its trade deficit, and squeeze the RBI's ability to balance inflation control with growth support. The central bank is now under renewed pressure to intervene in currency
Tag
RBI data through May 2026 shows that its 85 basis point repo rate cuts since February 2025 are only partially reaching borrowers, with lending rate transmission described as moderated. Slower pass-through limits relief for loan holders and may pressure the RBI to cut rates further to achieve its growth goals.
6d ago · 3 min · Economy
Xi Jinping is visiting North Korea in a rare high-level diplomatic exchange, the FIFA World Cup is underway globally, and India is preparing to release key Consumer Price Index inflation data. The inflation print could influence RBI rate expectations and move Indian bond and equity markets.
23d ago · 3 min · Global Affairs
India's Finance Ministry described the May 2026 economic outlook as showing cautious resilience, while flagging a likely moderation in activity. Strong services exports, adequate foreign exchange reserves, and a stable labour market are the three factors the ministry cited as supporting stability.
1mo ago · 3 min · Economy
India has raised petrol and diesel prices for the fourth time in under two weeks as surging global crude costs and the Iran conflict push oil marketing companies past the point of absorbing daily losses. Consumers are now bearing costs the government had largely shielded them from until now.
1mo ago · 3 min · Economy
Moody's has cut India's GDP growth forecast for 2026 and 2027 to 6%, down 0.8 and 0.5 percentage points respectively, citing high energy costs, weaker consumption, and Strait of Hormuz disruptions. India's 90% energy import dependency makes it among Asia-Pacific's most exposed economies to the ongoing US-Iran standoff.
1mo ago · 4 min · Economy
The Indian rupee fell to a record low of 95.63 against the U.S. dollar in early interbank trade, opening at 95.57 before sliding further. The fresh all-time low raises import costs and puts pressure on the Reserve Bank of India to respond.
1mo ago · 3 min · Markets
The Indian rupee dropped 19 paise to a record low of 95.50 against the US dollar, its weakest level ever. The move raises costs for importers and fuels inflation risks, with currency markets now debating whether the rupee could slide toward the 100-per-dollar mark.
1mo ago · 4 min · Markets
HSBC has cut its India GDP growth forecast for FY27 to 6%, blaming an energy crisis and deficient rainfall. The bank also expects the RBI to deliver two rate cuts to support slowing growth.
1mo ago · 2 min · Economy
India's central government is targeting up to a 20% cut in fuel consumption through a voluntary nationwide movement aimed at reducing exposure to global oil price shocks. With India among the world's largest oil importers, the effort is designed to protect the economy from energy market volatility.
1mo ago · 2 min · Policy & Government
PM Modi, at a Telangana BJP rally, urged citizens to save foreign exchange to help India manage the economic impact of the ongoing war. He cited sharp rises in petrol and fertilizer prices as the key pressure points hitting household and farm costs.
1mo ago · 2 min · Policy & Government
India's equity market premium over emerging market peers is eroding as rising global oil prices and weaker-than-expected domestic growth hit simultaneously. Higher import costs, rupee pressure, and squeezed margins are prompting investors to question whether India's valuation premium is still justified.
1mo ago · 3 min · Markets
India's state-run oil companies are absorbing large daily losses as global crude prices stay high and the West Asia crisis strains supply routes. A fuel price hike is being weighed to ease the financial burden, though no timeline has been announced.
1mo ago · 2 min · Economy
India's core sector output shrank 0.4% in March, hitting a 19-month low, with crude oil production falling 5.7% year-on-year. Since these eight industries make up roughly 40% of industrial output, the drop is likely to weigh on broader factory output data when it is released.
1mo ago · 2 min · Economy
India's industrial output grew 4.1% in March, slowing from 5.2% in February but still beating analyst estimates. Geopolitical tensions linked to Iran weighed on sentiment, though the above-forecast print signals underlying resilience in domestic industrial activity.
2mo ago · 2 min · Economy
Government sources say a petrol and diesel price hike cannot be ruled out soon, as oil companies face mounting losses. Retail fuel prices have been frozen for four years while global crude costs have risen sharply. An increase would raise costs for consumers and could push up broader inflation.
2mo ago · 1 min · Economy
Global crude oil prices have jumped from around $70 per barrel last year to over $114 per barrel this month, raising the likelihood of petrol and diesel price hikes in India. Indian state oil companies are currently absorbing the cost gap, but that buffer is under strain. A retail fuel price revision could push up
2mo ago · 1 min · Economy
India's GST collections reached a record ₹2.43 lakh crore in April 2025, up from the previous high of ₹2.23 lakh crore in April 2024. The roughly 9% year-on-year rise eases pressure on the fiscal deficit and boosts government spending capacity.
2mo ago · 1 min · Economy
India's gross GST collections rose 8.7% year-on-year to Rs 2.43 lakh crore in April, the highest monthly figure on record. Strong collections signal healthy consumer demand and improved tax compliance, easing fiscal pressure on the government. This is the first major revenue read of the new financial year.
2mo ago · 1 min · Economy
The RBI moved 104 tonnes of gold to domestic vaults, raising India-held reserves to around 510 tonnes out of a total 880 metric tonnes. A rally in gold prices lifted the metal's share of India's forex reserves to 16.7%, up from 13.92% six months ago. The repatriation continues a trend the RBI started in 2022.
2mo ago · 1 min · Economy
The Indian rupee fell to a record low Thursday as crude oil prices climbed back to 2022 highs. Higher oil costs expand India's import bill, widen its trade deficit, and squeeze the RBI's ability to balance inflation control with growth support. The central bank is now under renewed pressure to intervene in currency
2mo ago · 1 min · Markets