Latest News

Retail inflation rises modestly in March, but Middle East war risks loom

NEW DELHI, April 13 (Reuters) – India’s retail inflation rose modestly to 3.4% in March, government data showed on Monday, amid worries ‌that a prolonged Middle East war and deficient monsoon showers could raise the cost of living over the coming months. Annual inflation rose to the highest since January, but stayed below the RBI’s 4% target. A prolonged Middle East conflict threatens to hurt India’s economy while raising inflation ​as the country imports about 90% of its oil. India is also likely to see below average annual monsoon ​rains for the first time in three years, stoking concerns over

Stock markets plunge nearly 1 pc as US-Iran talks collapse, fuelling West Asia conflict fears

Mumbai, Apr 13 (PTI) Benchmark stock indices Sensex and Nifty closed nearly 1 per cent lower on Monday as the failure of US-Iran negotiations heightened concerns of a prolonged conflict driving crude oil prices sharply higher. The 30-share BSE Sensex tumbled 702.68 points or 0.91 per cent to settle at 76,847.57. During the day, it dived 1,681.93 points or 2.16 per cent to 75,868.32. The 50-share NSE Nifty plunged 207.95 points or 0.86 per cent to end at 23,842.65. From the 30-Sensex firms, Maruti, InterGlobe Aviation, Bajaj Finance, Reliance Industries, Tata Consultancy Services and HDFC Bank were the biggest laggards.

Rupee weakens by 56 paise to settle at 93.39 against US dollar

Mumbai, Apr 13 (PTI) The rupee slumped by 56 paise to settle at 93.39 (provisional) against the US dollar on Monday after a failed US-Iran peace talk fuelled uncertainties in West Asia, leading to a surge in crude oil prices and a global chase for the greenback. According to forex analysts, uncertainties over the opening of Strait of Hormuz following the US announcement to blockade Iranian ports further intensified withdrawal for foreign capital from domestic equities, weakening the Indian currency. At the interbank foreign exchange market, the rupee opened at 93.30 against the US dollar and moved between a low

Silver declines Rs 1,800, gold falls Rs 300 in Delhi

New Delhi, Apr 13 (PTI) Silver prices declined Rs 1,800 to Rs 2.45 lakh per kilogram in the national capital on Monday, while gold fell to Rs 1.55 lakh per 10 grams amid weak global cues. According to the All India Sarafa Association, the white metal decreased Rs 1,800, or nearly 1 per cent, to Rs 2,45,200 per kg (inclusive of all taxes) from Friday’s closing level of Rs 2,47,000 per kg. Gold of 99.9 per cent purity also edged lower by Rs 300 to Rs 1,55,000 per 10 grams (inclusive of all taxes). The yellow metal had finished at

1 … 203 204 205 206 207 … 1,535