Crude Oil Prices Fall Below $80 a Barrel
Brent crude prices steadied below $80 a barrel amid easing Middle East tensions and Strait of Hormuz shipping concerns.
Section
Category: Economy & Policy
Indian economy, trade, commodities and government policy.
RBI Sold $14.9 Billion During January–May 2026 to Curb Rupee Volatility
RBI sold a net $14.9 billion between January and May 2026 to curb excessive rupee volatility amid global market pressure.
RBI Keeps Repo Rate Unchanged at 5.25%
RBI kept the repo rate unchanged at 5.25% for a fourth straight policy meeting, citing global uncertainty and contained inflation.
Centre Considers 0.25%–0.35% UPI Transaction Charges for Large Merchants
The Centre is weighing UPI transaction charges of 0.25%–0.35% on high-value merchant payments, while consumers and small businesses stay exempt.
India’s Manufacturing PMI Falls to 53.5 in July, a Five-Year Low
India manufacturing PMI slipped to 53.5 in July 2026 from 54.2 in June, its weakest reading since August 2021 as…
India’s Fuel Exports Hit 1-Year High in July as Diesel Margins Surge
India's fuel exports hit a one-year high in July as diesel margins surged, led by Reliance and Nayara Energy shipments.
China Makes Cross-Border Payment Bypassing SWIFT
China completed a cross-border payment through its CIPS network without using SWIFT, part of its push to internationalize the yuan.
RBI Expected to Hold Interest Rates Steady at August 5 MPC Meeting
RBI is widely expected to hold the repo rate steady at its August 5 MPC meeting, continuing a wait-and-watch policy…
Oil Prices Drop 5% After Trump Pauses Planned Iran Strike
Oil prices fell around 5% after Trump paused a planned strike on Iran, easing supply concerns and boosting diplomacy hopes.
OPEC+ Agrees to September Oil Output Hike, Completing Rollback of Voluntary Cuts
OPEC+ agreed to hike oil output in September, completing the full rollback of its 2.2 million bpd voluntary production cuts.