oil import

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    Factually Incorrect: India's Oil Imports

    New Delhi, April 4 – The government on Saturday dismissed reports and social media claims that an Iranian crude oil cargo was diverted from Vadinar in India to China due to payment issues, calling them “factually incorrect” and misleading.The Ministry of Petroleum and Natural Gas has clarified...
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    Global Economy Faces Challenges Amid Middle East Conflict, Says IMF

    IMF Warns Middle East Conflict Could Trigger Global Inflation and Slow Growth Energy Shock and Economic Uncertainty Intensify Amid Ongoing Conflict New Delhi, March 31: The International Monetary Fund (IMF) has cautioned that the ongoing conflict involving the United States, Israel, and Iran...
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    Rupee Rebounds: Gains 128 Paise Against Dollar

    Rupee Recovers Amid RBI Intervention, Market Volatility Mumbai, March 30 – The Indian rupee rebounded sharply on Monday, gaining 128 paise against the US dollar, recovering from an all-time low of 93.57. The recovery followed a decision by the Reserve Bank of India (RBI) to cap net open...
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    Two Indian Ships Reach Indian Shores After Strait of Hormuz Passage

    New Delhi, March 23 Two more Indian-flagged LPG tankers, carrying approximately a day's supply of the country's cooking gas, have safely navigated through the war-hit Strait of Hormuz and are expected to reach Indian shores within the next two days.The LPG tankers, Pine Gas and Jag Vasant...
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    Indian Rupee Opens Near Record Low as Oil Surge and Global Risk-Off Sentiment Weigh on Currency

    Rupee Weakens Sharply at Monday Open The Indian rupee opened sharply weaker on Monday, hovering close to its all time low as a surge in crude oil prices and a broad risk off mood across global markets weighed on Asian currencies.The rupee opened at 92.20 per US dollar, compared with 91.74 in...
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