Business
Indians cut overseas travel spending to $1.9 billion in March: RBI
Indian overseas travel spending saw a significant drop in March, with remittances falling by over $212 million from February. This decline, attributed to rising oil prices and a weakening rupee, occurred despite travel remaining the largest component of outward remittances under the Liberalised Remittance Scheme.
Business
Bullion watch: Gold, silver seen range-bound as US-Iran talks enter crucial phase
Gold prices are expected to remain steady this week, influenced by US-Iran talks and upcoming US economic data. Silver, however, may continue to outperform due to geopolitical tensions and high crude oil prices. Investors await signals on the Federal Reserve’s next policy move amidst shifting statements from Washington and Tehran.
Business
Stock market this week: Middle East tensions, oil prices, FII flows & more — what will guide Dalal Street
Dalal Street braces for a week of global uncertainty, with Middle East tensions, crude oil prices, and foreign investor behavior dominating market sentiment. Hopes for US-Iran negotiation progress offer a glimmer of optimism, but caution prevails. Investors will also monitor the rupee’s movement and the RBI’s significant dividend payout.
Business
Bank holidays for the week starting May 25: When and where will banks remain closed? Check state-wise list
Bank customers across India should note extended holiday closures from May 26-28, 2026, impacting numerous states for national and religious observances like Kazi Nazrul Islam’s birth anniversary and Eid-ul-Adha. Remember, second and fourth Saturdays also mean branch shutdowns. Plan ahead for essential services, as digital banking remains fully operational.
Business
India’s fuel demand growth may slow sharply in H2 2026 amid price hikes, austerity push
India’s transportation fuel demand growth is set for a sharp slowdown in late 2026. Higher prices, government conservation efforts, and a weakening rupee are impacting mobility. Analysts have significantly cut growth forecasts, with petrol demand facing the steepest decline due to reduced commuting and discretionary travel.
Business
Another fuel price hike coming? BPCL says rise ‘inevitable’ if crisis continues
Fuel retailers face mounting losses as global energy disruptions persist, potentially forcing further petrol and diesel price hikes. BPCL director Raj Kumar Dubey indicated limited options for policymakers, including price increases or government funding. India is diversifying oil sources and accelerating its push towards green energy to mitigate these challenges.
