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Current 4% inflation targeting framework should be retained: Sanjeev Sanyal
Instead of revising the target band, Sanyal calls for modernising the Consumer Price Index basket and base year to reflect current consumption trends more accurately.
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BPCL, IOC, HPCL shares extend rally as crude oil cools off; Brent crude under $70/bbl
Crude prices extended their fall the ceasefire between Israel and Iran stood firm, leading to shares of domestic OMCs to rally.
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Rupee set to open weak amid tensions in West Asia; RBI likely to step In
On June 20, Indian rupee closed at 86.60 a dollar, down 0.2 percent from its Thursday's close of 86.73 a dollar. So far in June, the rupee weakened 1.2 percent while so far in 2025 it has fallen 1.1 percent.
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Rising crude oil prices may pressure paints, tyre stocks amid escalating Israel-Iran conflict
Crude oil prices affect the paint business and tyre industries are they are raw material-intensive industries, that depend on crude oil for production.
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Israel Strikes Iran: Oil spike to hit OMCs, airline, tyres, lubricant shares; 24,250 key support for Nifty
Crude oil prices spiked over 10 percent on June 13, marking their steepest weekly rise since 2022 as Israel conducted strikes on key Iranian installations.
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Sticky performance — Pidilite delivers stability in tough Q4
Underlying volume growth continues to remain strong
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Paint, tyre stocks rally sharply as crude prices sink below $60 per barrel
Lower crude prices translate to softer input costs for paint companies like Asian Paints, as the manufacture of paint requires more than 300 items, most being petroleum-based.
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Airlines sign cheaper ATF deals with OMCs for 2025 as crude prices fall
Senior executives from the domestic carriers told Moneycontrol they negotiated for lower jet fuel prices as part of their yearly contracts with oil marketing companies following a nearly 30 percent fall in the price of crude, from around $95 a barrel in November 2024 to $60 a barrel in March 2025.
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Crude cools: Why oil price is feeling the pressure from Donald Trump's tariff threat
Crude prices dropped over 1 percent on Monday as US President Donald Trump's fresh tariff threats and demands for lower oil prices weighed on global markets.
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US sanctions on oil tankers may hit India’s rupee trade ambitions with Russia
India will take a call on shifting to other sources for its crude oil requirements after studying the fine-print of the latest sanctions by US on Russia's energy sector. The sanctions will be supervised by the incoming Trump administration.
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Moneycontrol Pro Panorama | The oil conundrum surfaces again
In the Jan 16 edition of Moneycontrol Pro Panorama: India’s defence budget explained, the timing to present a dream Budget is perfect, a likely boost to affordable housing, sugar stocks face an uphill year, and more
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Oil prices slip on rising U.S. crude inventories
Brent crude futures dipped 31 cents, or 0.4%, to $75.73 a barrel by 0011 GMT. U.S. West Texas Intermediate crude futures shed 32 cents, or 0.5%, to $71.42 per barrel.
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Oil inches up after surprise drop in US crude stockpiles
Brent crude futures rose 45 cents, or 0.6%, to $74.67 a barrel by 0023 GMT, while U.S. West Texas Intermediate crude futures were at $70.84 a barrel, up 45 cents, or 0.6%.
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Oil prices ease after 5-day rally as OPEC lowers demand growth forecast
Brent had gained over 3 percent on Monday, while US crude futures was up over 4 percent.
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Oil hovers at 8-month lows as US recession fears offset Mideast tensions
Brent crude futures inched down 4 cents, or 0.1%, to $76.77 a barrel by 0035 GMT, while U.S. West Texas Intermediate crude futures were at $73.39 a barrel, down 13 cents, or 0.2%.
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US markets extend gains ahead of tech earnings, Fed rate decision, S&P 500 up 0.25%; GIFT Nifty falls
US markets traded positive ahead of major tech stocks earnings reports and the Federal Reserve’s interest rates decision. European markets were mixed while Asian indices rallied. Crude fell.
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US markets rally as inflation shows moderate growth, S&P 500 gains 1.4%; GIFT Nifty flat
US markets surged as fresh CPI data came in line with expectations, fuelling rate cut hopes. European and Asian indices gained. Crude declined.
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Oil edges up on strong US GDP data but Asia economic woes limit gains
Brent crude futures for September rose 7 cents to $82.44 a barrel by 0014 GMT. U.S. West Texas Intermediate crude for September increased 4 cents to $78.32 per barrel.
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US markets recover as GDP rises over estimates, S&P 500 gains 0.6%; GIFT Nifty up
US markets traded higher as GDP for the second quarter grew 2.8 percent. European markets traded mixed while Asian indices dragged. Crude gained.
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Oil prices ease on concerns over weak China demand, Middle east ceasefire talks
Brent crude futures for September fell 38 cents, or 0.5%, to $81.33 a barrel by 0129 GMT. U.S. West Texas Intermediate crude for September slid 33 cents, or 0.4%, to $77.26 per barrel.
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Nasdaq falls 2.4%, S&P 500 falls 1.6% as tech earnings disappoint; GIFT Nifty down
US markets traded negative tech stocks fell, signaling a downturn in the big tech rally. European and Asian markets also declined. Crude gained.
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Oil prices rise as US crude and fuel inventories seen shrinking
Brent crude futures for September rose 46 cents to $81.47 a barrel by 0020 GMT. U.S. West Texas Intermediate crude for September increased 42 cents to $77.38 per barrel.
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US markets gain ahead of tech earnings, S&P 500 up 0.3%; GIFT Nifty flat
US markets traded positive as investors await earnings reports from major tech companies. European and Asian indices declined. Crude tumbled.
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Oil prices fall on predictions of swelling crude inventories, weak demand
Brent crude futures for September fell 9 cents to $82.31 a barrel by 0005 GMT. U.S. West Texas Intermediate crude for September declined 10 cents to $78.30 per barrel.
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Oil prices rise as investors look for signs US rate cuts to begin
Brent crude prices were up 48 cents, or 0.57%, at $83.10 a barrel by 0035 GMT, and U.S. West Texas Intermediate crude futures rose 42 cents, or 0.52%, to $80.55.
