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The Indian rupee appreciated for the third consecutive session, closing at 94.53 against the US dollar, supported by easing geopolitical tensions, falling crude oil prices, and softer dollar index. Equity inflows and positive global sentiment further strengthened the currency outlook
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Global crude oil and LNG prices are expected to moderate as US-Iran peace prospects improve and shipping through the Strait of Hormuz potentially resumes. Analysts, however, warn that supply disruptions and infrastructure damage may keep energy markets volatile for months
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Despite a ceasefire ending the Iran war and reopening the Strait of Hormuz, experts warn global oil and gasoline prices may remain elevated for months. Shipping delays, stranded tankers, production restarts, security concerns and supply chain disruptions will slow energy market recovery worldwide
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A Bank of Baroda Research report warns of an 80 per cent probability of El Niño during June-August, raising concerns over food inflation. Despite healthy reservoir levels and adequate vegetable supplies, higher fuel costs and weather uncertainties could push inflation higher in FY27
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Prime Minister Narendra Modi held talks with Venezuela’s Acting President/Vice President Delcy Rodriguez in New Delhi, focusing on energy, trade and investment cooperation. The visit comes as India increases Venezuelan crude imports to diversify supplies amid disruptions linked to the West Asia crisis
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India halved windfall tax on petrol exports to ₹1.5/litre, cut diesel levy to ₹13.5/litre and ATF to ₹9.5/litre from June 1. Domestic duty unchanged; measures aim to ensure fuel availability amid crude above $100 and West Asia conflict
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Global crude oil prices fell to six-week lows after reports of a possible extension of the Iran-US ceasefire and prospects of reopening the Strait of Hormuz. India said refineries have adequate crude stocks and fuel supplies remain stable despite regional uncertainties
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Finance Minister Nirmala Sitharaman said the government sacrificed over Rs 1 lakh crore annually through fuel excise cuts to cushion consumers from inflation, while defending recent petrol and diesel price hikes as market-driven revisions caused by surging global crude oil prices amid the West Asia conflict
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Nirmala Sitharaman said the West Asia crisis could raise fuel and shipping costs for common people and businesses as petrol and diesel prices rose again. She added the government sacrificed Rs 1 lakh crore in revenue through excise duty cuts
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Gold and silver prices rose in Mumbai, supported by a weaker US dollar and falling crude oil. MCX gold held above ₹1,59,000 with resistance near ₹1,60,000, while silver surged past ₹2,76,000 amid geopolitical uncertainty and safe-haven demand
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Equities surged on Monday as crude oil prices fell below $100, boosting investor sentiment amid hopes of a US-Iran peace deal. Sensex and Nifty gained over 1%, with autos leading, while Hindalco and select stocks declined modestly
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Congress accused the Centre of burdening citizens with rising fuel prices while failing to pass on benefits of low crude oil costs. It claimed taxes remain high, import dependence has increased, and inflation is worsening transportation and essential commodity prices
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Crude oil prices climbed sharply on Tuesday amid persistent West Asia tensions disrupting global energy supplies. On MCX, June crude futures touched a record Rs 10,044 per barrel before easing slightly. Rising global benchmarks and fresh investor buying supported the continued upward momentum in oil markets
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Monaco-based FOWE Eco Solutions claims its water-based fuel emulsion technology can cut fuel use, emissions, and maintenance costs without engine modifications. Tested in ships, refineries, and steel plants, the system could help India reduce oil imports, save forex, and improve industrial energy efficiency
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The Centre reduced royalty rates on offshore deepwater and ultra-deepwater oil production to boost exploration and ease industry costs amid global energy volatility. The revised framework lowers levies for initial production years while retaining existing rates for onland and shallow-water categories
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The government ruled out fuel rationing despite global energy disruptions, assuring adequate crude and LPG stocks. Oil Secretary Neeraj Mittal said India has diversified imports, maintained strategic inventories and absorbed price shocks through fiscal measures while managing supply risks caused by the West Asia conflict
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Gold prices in New Delhi fell ₹1,800 to ₹1.54 lakh per 10 grams while silver dropped ₹6,500, pressured by rising crude oil prices, a stronger US dollar, and expectations of prolonged higher interest rates impacting global bullion markets
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Crude oil prices surged up to 2 per cent as Brent hit $107 per barrel amid escalating Middle East tensions and supply concerns via the Strait of Hormuz. Despite a reported ceasefire move, geopolitical risks kept markets volatile and bullish.
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The rupee fell 25 paise to 93.16 against the United States dollar amid West Asia tensions and rising crude concerns. Disruptions near the Strait of Hormuz increased dollar demand, keeping the local currency under pressure despite earlier gains
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Iranian forces fired on India-bound vessels in the Strait of Hormuz, halting 13 of 14 ships carrying crude, LPG and fertilisers, triggering returns and delays, as India coordinates for safe passage amid escalating tensions between Iran and the United States
