Crude price surge risks widening India’s CAD and inflation
India imports over 85% of its crude oil, making it the country's single largest import item. In FY24, crude imports cost roughly USD 180 billion, nearly one-fourth of total imports. A USD…
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Leveraged dollar deposits surge as RBI ends swap window early
Citigroup and Axis Bank have teamed up to offer leveraged foreign-currency deposits to non-resident Indians, multiplying dollar inflows into India as the RBI ends its concessional swap window early after deposits surged…
Mutual funds lift curbs on gold ETF lump-sum investments
Tata Mutual Fund, HDFC Mutual Fund, Axis Mutual Fund, and Aditya Birla Sun Life Mutual Fund have resumed accepting large lump-sum investments in their gold exchange-traded funds (ETFs) and gold fund of…
Rupee opens 9 paise up, closes flat at 95.71
The Indian rupee opened 9 paise stronger at 95.65 against the US dollar on Friday, supported by a weaker dollar overseas, but pared most gains to close just 3 paise higher at…
OMC losses, rupee slide signal economic trouble in India
During the election campaign until May 4, the government ordered public sector oil marketing companies (OMCs) to sell petroleum products at pre-Iran war prices to hide looming economic trouble, according to a…
India’s economic crisis is about AI, not currency or gold
The fundamental anxiety behind India's current economic problems is not gold, oil, or the rupee, but the fear that the global economy is reorganising around artificial intelligence (AI)-driven productivity. This shift threatens…
India eases export rules for rupee invoicing
The government has amended the Foreign Trade Policy to let exporters invoice overseas sales and receive payments in Indian rupees, aligning rules with RBI regulations issued in 2023. For countries outside the…
Rupee gains 17 paise, then pares most gains to close at 95.70
The rupee opened 17 paise higher at 95.56 against the US dollar on Thursday (August 20, 2026) on a weaker dollar index after the US Treasury announced it would double buyback operations…
Indian overseas travel spending drops to $1.09 bn in March
Overseas travel spending by Indians fell by $212.43 million to $1.09 billion in March from $1.3 billion in February, according to Reserve Bank of India data on outward remittances under the Liberalised…
Rupee fall drives luxury car price hikes, used car demand surges
BMW India's pre-owned car sales surged 54 per cent year-on-year in the first half of 2026, as repeated price hikes on new luxury vehicles push buyers towards certified used cars. Mercedes-Benz India's…
Ashin Xavier: interesting
IO Repro: Repro test v4 after fix 2 Oct. Safe to trash.
IO Repro: Repro test v3 after fix 2 Oct. Safe to trash.
IO Repro: Repro test after fix 2 Oct. Safe to trash.