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OIL PAYMENT IMBALANCE
FCNR(B): Revisiting a proven crisis management toolFacing renewed external sector pressures, the RBI has revived a version of the FCNR(B) deposit framework to attract foreign currency inflow...- Truck operators reel as diesel crunch pushes freight rates higherNearly 20% of India's trucks are off the roads. Diesel shortages and price hikes are crippling the transport sector. Small operators are hi...
- Rupee plunges for eighth straight session, breaches 96.60 vs USD on rising crude, US yieldsThe Indian rupee has reached a historic low against the US dollar. This decline is driven by escalating oil prices due to the Iran conflict...
- The $138 bn buffer: India’s most visible export can rescue the rupeeIndia is considering a policy push to accelerate overseas deployment of skilled workers as part of a broader strategy to support the rupee ...
- Wars, recessions, political crises, market crashes. Warren Buffett’s advice on each of themWarren Buffett made a prediction in the mid-1990s he knew would come true: Berkshire Hathaway's future returns would fall short compared to...
- Resilient, not shock-free: India charts path through war jittersIndia's economy faces challenges from the West Asia conflict. Rising oil prices and trade disruptions are impacting India. However, strong ...
- SBI calls for structural measures to manage rupee depreciation, inflation risks and BoP deficitIndia faces significant economic challenges. The rupee's depreciation is fueling imported inflation and straining the balance of payments. ...
- Rupee at risk? BOP pressure, oil shock and capital flows hold the key, says Rahul BajoriaThe Indian rupee faces potential weakening to 94 against the US dollar by mid-2026 due to rising oil prices and a widening current account ...
- Finance Ministry flags rising external risks as trade deficit and CAD expandIndia's economy faces growing external pressures. Trade dynamics are weakening, with imports surging and exports declining. This widens the...
- Don't slip up on oil payment imbalanceTo address the trade imbalance from India's Ural crude purchases, they consider local currency, yuan, and cross-border investments. Western...
- Some Indian refiners paying Russian oil suppliers in YuanSome Indian refiners, including a private refiner, have paid for some Russian oil imports in Chinese currency Yuan following such demands f...
- HPCL now paying in rouble, dirham for Russian crude oilHPCL, which has used 2 million tonnes of Russian crude of the total 17 million tonnes processed this fiscal year, is shifting to the curren...
- HPCL switching from dollar to dirham & rouble to pay for Russian oil to avoid price cap issuesHindustan Petroleum Corp (HPCL) is increasingly switching from dollar to dirham and rouble to pay for Russian oil to avoid trouble arising ...
- India keeping all oil options openThese dependencies will require New Delhi to keep its options open in order to secure the cheapest oil available on the market. A price cei...
- India is still paying Russia in dollars for oil importsIndian refiners continue to pay in dollars using regular banking channels for the oil they buy from Russia, executives and officials said, ...
- Iran trade: Stakeholders explore non-oil avenue to boost fund flowUnder the India-Iran trade deal, local oil refiners used to import crude oil from the middle east nation and make payments to the designate...
- Rupee payment for Venezuelan oil under considerationThe US has imposed a series of sanctions on Venezuela to squeeze its oil revenue.
- India to participate in upgradation of Chahbahar port in Iran"We have taken a decision. We will collaborate for development of the port," Khurshid told reporters accompanying him on a three-day visit ...
- Trade issues to dominate Khurshid's visit to IranWays to increase commercial links with Iran to reduce huge bilateral trade imbalance will be high on the agenda when Khurshid travels to Te...
- Watch out for global shocksIndia may have to be watchful on financing of the current account deficit with the Reserve Bank of India signalling the risks posed by glob...
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