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🚨 India raises fuel export levies amid the West Asia conflict.
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🚨 India raises fuel export levies amid the West Asia conflict.
Diesel export duty has been raised to ₹25 per litre from ₹24, while a ₹1.5 per litre petrol export levy has been reimposed from Sep…
Diesel export duty has been raised to ₹25 per litre from ₹24, while a ₹1.5 per litre petrol export levy has been reimposed from Sep…
Traders reported that the Reserve Bank of India sold US dollars before market open to prop up the rupee, a move triggered by a sharp spike in oil prices.
Forwarded from BigBreakingWire Global Updates
Kpler data shows four bulk cargo ships passed the Strait of Hormuz on Tuesday, down from 10 the day before and below the 10-day average of 13. The group included one VLCC, one Panamax tanker, one Kamsarmax bulk carrier, and one medium tanker. One ship entered and three left. Kpler notes numbers may change if ships turn off their tracking signals. Meanwhile, 18 vessels crossed the Bab al-Mandeb on Tuesday (seven in, 11 out), lower than the 10-day average of 24. These included two Aframax and one Suezmax tanker.
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Indian government bonds opened weaker. The 10-year yield hit 7% for the first time in three months. The 2036 bond yield briefly touched 7.0013% at the open, its highest since June 4. It closed Tuesday at 6.9581%.
Forwarded from BigBreakingWire Global Updates
Iranian IRGC deputy political commander Yadollah Javani warned Arab nations to expel US forces or face military retaliation. Speaking to Tasnim News, he urged them to reclaim US military bases. He stated Iran will strike back against any sites used to attack Iran, specifically naming Kuwait, Bahrain, and Jordan.
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🚨 RBI’s special FCNR(B) window pulled in $72.85 billion by August 21, with $65.40 billion, nearly 90%, coming through FCNR(B) deposits.
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🚨 RBI’s special FCNR(B) window pulled in $72.85 billion by August 21, with $65.40 billion, nearly 90%, coming through FCNR(B) deposits.
OFCBs brought $4.86 billion and ECBs added $2.59 billion.
…
OFCBs brought $4.86 billion and ECBs added $2.59 billion.
…
India’s borrowed dollars programme could cost banks around $3.6–4.1 billion a year in interest, while the principal remains payable. Meanwhile, RBI’s forward liabilities stand at $136.7 billion.
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🚨 RBI’s forex forward liabilities have jumped to a record as its special FCNR(B) swap window closes.
The RBI’s forex forward position rose by about $33 billion in July to a record $136.7 billion…
The RBI’s forex forward position rose by about $33 billion in July to a record $136.7 billion…
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Forwarded from BigBreakingWire Global Updates
Iran Launches “Operation Lightning” Against US Bases in Gulf
Iran's army said it launched “Operation Lightning” Phase 30 at dawn on September 2, deploying dozens of attack drones against radar... https://bigbreakingwire.in/bbw-live-news-blog-today/#pennion-live-blogging-update-10837
Iran's army said it launched “Operation Lightning” Phase 30 at dawn on September 2, deploying dozens of attack drones against radar... https://bigbreakingwire.in/bbw-live-news-blog-today/#pennion-live-blogging-update-10837
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