The proposal was suggested by the Reserve Bank of India and is currently under active consideration by the Finance Ministry, sources said. Talks around reducing taxes for overseas investors have accelerated amid efforts to slow the rupee’s decline, they added.
India’s wholesale inflation surged to 8.30% in April 2026, a significant jump from March’s 3.88%. This spike is primarily attributed to soaring fuel, power, and crude oil prices, exacerbated by the West Asia crisis. Mineral oils, basic metals, and manufactured products also contributed to the rise, impacting various sectors.
The erosion in reserves reflects not only intervention by policymakers to support domestic currencies, but also valuation losses in non-dollar assets, according to data compiled by Bloomberg.
The proposed Middle East-India Deep-water Pipeline (MEIDP) is planned as a 2,000-kilometre underwater network running beneath the Arabian Sea and connecting Oman directly with the Gujarat coastline.
The move to up the gold import duty comes days after PM Narendra Modi appeals to citizens to avoid unnecessary gold purchases for a year. But is a hike in duties an effective way to curb consumption? We take a look:
India has requested the US to extend its waiver on Russian oil imports due to ongoing disruptions in the Strait of Hormuz. This waiver, crucial for stabilizing oil markets, is set to expire on May 16. Despite US pressure to reduce discounted Russian oil purchases, India prioritizes stable energy supplies, warning of economic consequences from
Gold and silver price prediction today: According to Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group, both gold and silver prices are exhibiting a bullish bias this week.
The Indian Rupee hit a fresh all-time low against the US dollar, slumping to 95.74 amid soaring crude oil prices and Middle East tensions. While RBI interventions and higher gold import duties offered some support, the currency remains vulnerable. Foreign investors offloaded equities, yet domestic stock markets opened higher.
Top stock market recommendations: Grasim Industries, Hindustan Unilever, and National Aluminium Co have been shortlisted as the top stocks to buy today (May 14, 2026) by Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group. The expert also shares his outlook for Nifty, and Bank Nifty.
Asian equities traded mixed as the AI and tech rally cooled, with Hong Kong’s Hang Seng inching up while Shenzhen and Shanghai fell. Wall Street also saw a softer mood, with the S&P 500 retreating from a record high and chipmakers leading declines. Oil prices remained elevated due to ongoing disruptions in the Strait of
