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FPIs pull out Rs 60,847 cr in Apr; outflows hit Rs 1.92 lakh cr in first four months of 2026

New Delhi, May 1 (PTI) Foreign investors continued their relentless sell-off in Indian equities, pulling out Rs 60,847 crore (USD 6.5 billion) in April primarily due to escalating geopolitical tensions and global macroeconomic uncertainties that dampened risk appetite. With the latest withdrawal, total outflows by Foreign Portfolio Investors (FPIs) have surged to Rs 1.92 lakh crore in the first four months of 2026, significantly exceeding the Rs 1.66 lakh crore outflow recorded in the entire calendar year 2025, according to NSDL data. FPIs remained net sellers in all months of 2026 except February. They withdrew Rs 35,962 crore in January,

Indian Oil hikes prices of industrial LPG, jet fuel for foreign airlines

May 1 (Reuters) – India’s largest state-run refiner Indian Oil Corporation has ​raised the prices of liquefied petroleum ‌gas used by industries and jet fuel for ​foreign airlines from Friday, ​the company said in ⁠a statement. The price of ​a 19-kilogram commercial LPG cylinder for ​industrial clients was hiked by 993 rupees, or 47.8%, to ​3,071.5 rupees, the ​refiner said. Prices of household LPG, primarily used as cooking ‌fuel, ⁠were left unchanged. Jet fuel prices for domestic airlines were also not ​revised, ​the ⁠company said. The price hikes come amid a sharp surge in ​global oil prices, ​which ⁠have climbed

Trump gives his blessing to Iraq’s new pick for prime minister and invites al-Zaidi to Washington

BAGHDAD, May 1, 2026 (AP) — U.S. President Donald Trump called Iraq’s new prime minister-designate Thursday and extended an invitation for him to visit Washington once he has successfully formed a government, the Iraqi prime minister’s office said in a statement. Trump then posted on his social media platform Truth Social congratulating Ali al-Zaidi and wishing him “success as he works to form a new Government free from terrorism that could deliver a brighter future for Iraq.” “We look forward to a strong, vibrant, and highly productive new relationship between Iraq and the United States,” the post said. “This is

RBI’s gold share in forex reserves rises

April 30 (Reuters) – The share of gold in India’s foreign exchange reserves rose to 16.7% at the end of ​March, up from 13.92% at the end of ‌September 2025, according to the RBI’s (Reserve Bank of India’s) half-yearly reserves management report released on Thursday. The uptick reflects a rise ​in gold’s value in India’s reserves even as overall ​foreign exchange reserves declined slightly during the period. Here ⁠are more details: More than two-thirds of India’s gold ​reserves are now held domestically, data from the central ​bank showed The RBI held 880.52 metric tonnes of gold as of end-March 2026,

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