The Reserve Bank of India will conduct a Rs 2 lakh crore Variable Rate Reverse Repo auction next Friday. This move addresses the current surplus liquidity in the banking system. The auction aims to absorb excess funds. This proactive measure…
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Court flags failure to follow 2015 order mandating April 1 release of e filing utilities, directs remedial roadmap.
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India has capped refinery margins to cover losses on domestic fuel sales. This follows a windfall tax on fuel exports. The move aims to balance costs as international oil prices surge. Retail fuel rates have remained unchanged, impacting oil marketing…
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Few ships are using the Strait of Hormuz after a ceasefire. Lingering fears and Iranian demands are impacting traffic. Hundreds of ships remain stuck. The war has severely disrupted oil supplies. Iran has announced alternative routes. Many shipowners are hesitant…
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Pharma companies reported a pickup in export demand as countries sought to replenish medicine inventories, while packaged food makers said supplies are normalising, with distributors willing to absorb higher freight costs to avoid shortages.
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Banks have largely exited Indian rupee arbitrage trades. The Reserve Bank of India imposed limits on onshore positions to curb volatility. These measures targeted arbitrage trades between onshore and non-deliverable forward markets. Most of these positions have now been unwound.…
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