India

Asian nations push US to extend sanctions waiver on Russian oil

India and the Philippines are among countries urging the US to renew the sanctions reprieve on Russian oil

Retail inflation in the South Asian nation is projected at 4.9 per cent for the current fiscal year, reflecting higher food and energy prices and exchange depreciation pressure.

India to grow at 6.6% in FY2027, says World Bank

Retail inflation is projected at 4.9% for the current fiscal year

The RBI’s six-member monetary policy committee voted to keep the repo rate steady at 5.25 per cent.

India’s central bank holds rates as Iran war upends economic outlook

[MUMBAI] The Reserve Bank of India kept its key policy rate unchanged on Wednesday (Apr 8) as it awaits clearer evidence of the impact from the Iran war on the South Asian nation’s economy.

For shipowners, traders and energy companies moving cargo in the Persian Gulf, the spike in premiums has sharply raised costs.

India plans sovereign guarantees for insurers as Iran war heightens shipping risks

A separate US$300 million fund is being set up to help settle any large increase in insurance claims, a source says

India depends heavily on Middle Eastern supplies, with about half of its oil and more than 90% of LPG shipments sourced from the region, most of which transit through Hormuz.

India’s refiners delay maintenance to stabilise fuel supplies

The government has invoked emergency measures, directing refiners to maximise LPG output for safeguarding cooking fuel supplies for households

The Reserve Bank of India will announce its monetary policy decision on Apr 8, with most economists expecting it to hold rates.

India FX cap softens pressure on rupee even as offshore influence lingers: Axis Bank director

The RBI has ‘effectively broken’ the direct link between the onshore and offshore markets, says Neeraj Gambhir

The RBI's defence of a record-low rupee has constrained its ability to inject liquidity, tightening financial conditions that are likely to weigh on banks over the coming quarters.

Indian bank stocks’ US$95 billion rout may deepen on macro risks

At stake is the outlook for the country’s US$4.5 trillion stock market, given banks account for nearly a third of the benchmark index

India’s population is estimated at over 1.4 billion, making it the world’s most populous nation, according to the UN.

India begins counting over 1 billion people in digital census

The updated data will inform decisions on welfare spending, urban planning and electoral representation