MUMBAI: While the majority of forecasters and market participants expect Reserve Bank of India‘s Monetary Policy Committee meeting to vote for a status quo on interest rates, the forthcoming MPC statement on June 5 will be observed minutely.With disruptions owing to the West Asia conflict now approaching 100 days, this is no longer a short-term…
Mumbai: Compressed Natural Gas (CNG) will be costlier across the Mumbai Metropolitan Region (MMR) from Saturday, with Mahanagar Gas Ltd (MGL) hiking the retail price by Rs 2 per kg, while the rate of piped cooking gas will also increase by 50 paise per unit.The fresh revision takes the CNG rate from Rs 84 per…
Chennai: Auto component maker Pricol Ltd is embarking on a fresh investment cycle, planning to spend between Rs 680 crore and Rs 700 crore in FY27 to expand capacity and execute a strong pipeline of new business wins, even as geopolitical tensions in West Asia weigh on the automotive industry and the global economy.“We are…
Experts weigh in as Gujarat’s manufacturers face thinning margins amid US-Iran war Margins thin for Gujarat’s manufacturers as war rages on Experts weigh in as Gujarat’s manufacturers face thinning margins amid US-Iran war Margins thin for Gujarat’s manufacturers as war rages on Experts weigh in as Gujarat’s manufacturers face thinning margins amid US-Iran war For…
Fall of rupee & impact on studying abroad Chennai: The steep fall of Indian rupee against the US dollar, UK’s pound sterling and Euro currencies has increased the cost of studying abroad by 20% for Indian students. This, along with the visa restrictions by the US and Canada, and economic issues in the UK amid…
Down over 7% in 2026 alone, rupee has become Asia’s worst-performing currency. (AI image) At a time when the rupee is touching all-time lows every day, the lyrics from a Bollywood movie are ringing true: “…the whole thing is that ki bhaiya, sabse bada rupaiya”. Because in the current scenario of US-Iran war and geopolitical…
Show Quick Read Key points generated by AI, verified by newsroom Sustained rupee decline may impact India’s economic outlook. Rupee Today: INR slide is showing no signs of slowing down. The rupee touched yet another all-time low against the US dollar on Wednesday, opening 33 paise weaker at 96.86. The fall came just a day…
The rupee extended its losing streak for an eighth consecutive session on Tuesday, tumbling 50 paise to close at a record low of 96.70 against the US dollar amid elevated crude oil prices, persistent foreign fund outflows and a stronger dollar driven by global risk aversion, PTI reported.The rupee, which has emerged as Asia’s worst-performing…
Koppal: CM’s economic adviser Basavaraj Rayareddy on Saturday alleged that the country is facing an “economic emergency” and blamed the Centre’s economic policies for the falling value of the rupee, rising prices and increasing unemployment.Addressing a press conference here on Saturday, Rayareddy criticised Prime Minister Narendra Modi’s economic policies and said the country’s financial situation…
