Real-time market updates from India's financial markets and global sources.
30 articles
Indian equity markets gained in June and early July, reflecting the improved sentiment following the US-Iran ceasefire agreement, easing crude oil prices and a rebound in net buying by FPIs
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Gas prices may rise as Middle East hostilities resume, but the situation is complex. The widening crack spread, driven by reduced refining capacity from conflicts, impacts gasoline prices more than crude oil costs alone, potentially affecting both consumers and stock markets.
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Icra attributed the stronger momentum to the temporary ceasefire between the US and Iran, prolonged construction and mining activity due to a rainfall deficit, and favourable base effects nbsp;
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The rupee snapped a three-month losing streak while stocks extended their rally, helping India widen its lead in Mint's Emerging Markets Tracker. But sustaining the momentum will require stronger long-term foreign capital inflows.
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India's coking coal import bill decreased from $19.2 billion in fiscal 2023 to $11.76 billion in FY26, as the country shifted imports from Australia to Russia and the US. Domestic output remains insufficient, which means domestic steelmakers are still exposed to global commodity price cycles.
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The uneven distribution of this season's monsoon rain has left India's major reservoirs perilously low, affecting agricultural prospects and drinking water supplies. Experts warn of severe impacts on both kharif and rabi crops if rainfall remains inconsistent. nbsp;
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RBI has linked broad-based rise in edible oil prices to growing biofuel demand, with Indonesia's higher palm oil blending mandate emerging as a key factor.
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The US has placed India in a lower tariff bracket of ten percent. Approximately forty-five percent of India's exports to the US remain outside this additional duty. The remaining fifty-five percent of exports will attract the ten percent additional duty. India continues to engage with the US on textile-specific measures. Both nations are negotiating a Bilateral Trade Agreement for early conclusion.
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Recent policy measures may shift India's balance of payments to a surplus. These actions aim to attract significant capital inflows and strengthen the external position. The Reserve Bank of India's initiatives are expected to boost foreign currency deposits. Government securities are becoming more accessible for foreign investors. These developments could ease pressure on the Indian rupee.
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Market participants expect the reserves to rise going ahead as inflows from the foreign currency non resident bank FCNR(B) deposits start to trickle in.
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The United States has reduced tariffs on most Indian exports to ten percent. This change follows India's recent actions against forced labour imports. Indian exporters now face a more competitive position against other nations. However, some sectors will still encounter separate, higher tariffs. The trade landscape remains uncertain with potential future levies.
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Scorching temperatures across Europe also raise concerns over potential crop losses. This situation could lift costs for staples like bread and cooking oil.
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In this weekly Plain Facts compilation, we present to you data-based insights, with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by.
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The government has restricted imports of low-priced suspension-grade PVC resin for six months by introducing a minimum import price, while exempting export-oriented units and certain export-linked schemes. The Directorate General of Foreign Trade imposed the restriction following an anti-dumping investigation initiated after complaints from domestic manufacturers over alleged dumping of PVC resin from seven countries.
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India's textile and apparel exporters may face competitive challenges in the US market after Washington imposed a 10% tariff citing concerns over forced labour in supply chains. The Confederation of Indian Textile Industry said the move could affect exports and create reputational risks. The industry body urged the Indian government to raise the issue with US authorities.
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The RBI's concessional swap facility has attracted $20.7 billion in foreign exchange inflows by July 17. The facility encourages foreign currency deposits and aims to support the rupee. Details here.
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With onion prices rising ahead of the festive and wedding season, the Centre plans a phased release of buffer stocks from September to bridge supply gaps and curb inflation.
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India’s rural inflation has moved closer to 5%, while the urban rate remains below 4%. The gap is usually explained by higher food prices, but the latest data suggest price pressures may be spreading beyond food.
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The creation of NaBFID in 2021 came with the ambition to merge it with its older cousin IIFCL, but the plan never took off. Momentum from the ongoing merger of REC and PFC has given the plan a new life. The idea is to create a stronger DFI that can aid India's rapidly growing infra financing needs.
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Finance Minister Nirmala Sitharaman called on the Income Tax Department to embrace a more taxpayer-friendly attitude. She highlighted the importance of differentiating between honest errors and deliberate tax fraud. Sitharaman encouraged officials to exercise their enforcement powers with a sense of humility and restraint, reminding them that their role now focuses on equity, especially with the upcoming Income Tax Act, 2025 aimed at simplifying regulations.
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India's trade with Britain is projected to hit USD 115 billion by 2030, promising the creation of approximately 700,000 to 1 million jobs. To thrive in this evolving landscape, Indian businesses need to focus on competitiveness and quality assurance. Moreover, improving the ease of doing business and boosting infrastructure investments are critical for success, particularly in the engineering goods sector, which is poised for significant growth and innovative opportunities.
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Finance Minister Nirmala Sitharaman urged tax officials to ensure taxpayer convenience. She stressed firm action against tax evasion and economic certainty. Officials must adopt an empathetic approach while enforcing tax laws. Sitharaman outlined five priorities for the Income Tax Department. She advised officials to exercise their powers with humility and agility.
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US-India Strategic Partnership Forum (USISPF) President and Chief Executive Officer (CEO) Mukesh Aghi on Friday said that the economic partnership between India and the United States continues to expand despite the absence of a bilateral trade agreement, with trade and investment flows growing steadily.
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In a notable development, India's forex reserves have increased by over one billion dollars, driven primarily by a growth in foreign currency assets. On the downside, the value of gold reserves has seen a significant decline. Additionally, Special Drawing Rights have experienced a minor upward adjustment, while the reserve position with the IMF has faced a small downturn.
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The US Section 301 tariff has escalated cost challenges for Indian exporters, but it simultaneously provides a unique advantage. Competing nations are subjected to higher tariffs, allowing Indian goods to be more attractive. This favorable situation highlights the US's recognition of India's efforts against forced labor. By leveraging government assistance and adopting proactive measures, Indian exporters can capitalize on trade shifts and continue their growth trajectory.
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India and Israel have concluded the second round of FTA negotiations, covering key areas such as goods and services trade, customs, intellectual property and technical standards. Both sides held constructive discussions and reaffirmed their commitment to finalising a balanced agreement to deepen economic ties.
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India's latest ecommerce export reforms could transform thousands of MSMEs into global exporters by connecting small-town manufacturers with overseas buyers through platforms such as Amazon and Flipkart. Combined with Districts as Export Hubs, ODOP and FTAs, the policy aims to broaden India's exports and create the country's next export growth story.
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India's private sector expanded at its slowest pace in over four years in July as services activity weakened sharply, even as manufacturing stayed resilient, exports strengthened and price pressures intensified.
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The New US tariffs cover the top 60 US trading partners, which account for 99.4% of US imports.
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Saudi Arabia in India's third-largest oil supplier this month. The blockade primarily affects oil shipments nbsp;from Yanbu port, which has emerged as one of the key alternatives for Saudi energy supplies for oil importers including India over the past few months.
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