The Reserve Bank of India (RBI) sold an estimated $2 billion to $3 billion on Thursday to defend the rupee against sustained pressure, and stepped in again on Friday, helping the currency strengthen past the 96-per-dollar mark, according to bankers cited by Reuters.The rupee rose 0.64 per cent to close at 96.20 against the US…
Global crude oil prices could surge to as high as $200 per barrel in a worst-case scenario if the Strait of Hormuz remains closed through the end of 2026, according to a report.As per a report by Wood Mackenzie, a prolonged disruption in the strategic waterway could trigger a severe global energy and economic crisis.The…
Asian stock markets moved higher on Friday as optimism surrounding ongoing US-Iran negotiations supported investor sentiment, although rising crude oil prices continued to keep inflation worries alive. Market confidence remained upbeat for a second consecutive session amid hopes that diplomatic efforts could help restore stability to global energy supplies following weeks of uncertainty caused by…
Gold and silver prices moved slightly higher in the spot market on Thursday as traders maintained a cautiously positive outlook amid ongoing tensions between the US and Iran, while elevated global crude oil prices continued to fuel inflation concerns. In Delhi’s spot market, gold with 99.9% purity extended its gains for a third consecutive session,…
File photo (Picture credit: AP) Asian markets traded higher on Friday as investor sentiment improved on hopes of progress in US-Iran peace talks, although rising oil prices and continued uncertainty over the Strait of Hormuz kept inflation concerns in focus.Tokyo led regional gains, with Japan’s Nikkei 225 surging more than 2 per cent. Taiwan’s market…
Top stocks to buy (AI image) Stock market recommendations: Bajaj Broking Research has chosen Garden Reach Shipbuilders & Engineers (GRSE), NBCC as the top stocks to buy on May 22, 2026:Garden Reach Shipbuilders & Engineers (GRSE)Buy in the range of ₹ 2640-2700 Target Return Stoploss Time Period ₹ 2918 9% 2520 6 Months The stock…
Oil prices climbed on Friday as investors remained uncertain about the prospects of a breakthrough in ongoing US-Iran peace negotiations, while concerns over supply disruptions through the Strait of Hormuz continued to support the market.Brent crude futures rose $2.38, or 2.3 per cent, to $104.96 a barrel by 0034 GMT, while US West Texas Intermediate…
NEW DELHI: The first ever index of services production (ISP) is set to be released around July, complementing the new index of industrial production (IIP) series, which will come out on June 1 with the revised base year 2022-23. This new index, which has been in making for several years, will help assess the shortterm…
The Centre on Thursday assured the people on the situation in the country amid the evolving situation in Middle East. In an inter ministerial briefing, it said LPG deliveries across the country remain stable amid the, with Delivery Authentication Code (DAC)-based deliveries rising to nearly 96 per cent to curb diversion and black marketing.Officials from…
State-run oil marketing companies (OMCs), including Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL), on Thursday said fuel and LPG supplies across the country remain uninterrupted amid the ongoing Middle East crisis, assuring consumers that there is adequate stock and no shortage in the system, ANI reported.The…
