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Rupee Under Pressure as Oil Firms Limit Use of FX Credit Line

By Uniquetimesorg April 30, 2026 0

India’s state-run oil refiners are making only limited use of a special foreign exchange credit line offered by State Bank of India, reflecting concerns that the rupee may weaken further. The facility, introduced in mid-April, was designed to reduce immediate dollar demand for oil imports. However, refiners fear that a depreciating rupee would increase repayment […]Continue Reading

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Rising Crude Prices May Slash India Inc’s FY27 Earnings Growth Forecasts

By Uniquetimesorg April 27, 2026 0

Analysts have begun trimming earnings growth projections for India Inc. for FY27 as crude oil prices remain elevated above $100 per barrel, driven by ongoing tensions in West Asia. The surge in oil and gas prices is not yet fully reflected in corporate financials, but experts warn it could weigh on performance over the coming […]Continue Reading

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India’s Oil Imports Shift as Hormuz Disruption Cuts Middle East Supply

By Uniquetimesorg April 21, 2026 0

India’s crude oil imports dropped 13% in March compared to February, as escalating tensions involving the United States, Israel, and Iran disrupted shipments through the critical Strait of Hormuz. According to industry shipping data, the country—one of the world’s largest oil consumers—imported about 4.5 million barrels per day (bpd) during the month. The disruption Continue Reading

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India Reopens Energy Talks with Russia Amid Global Supply Pressures

By Uniquetimesorg March 27, 2026 0

India is recalibrating its energy strategy by reviving cooperation with Russia, just weeks after scaling back crude imports as a perceived concession to U.S. pressure under Donald Trump. Fresh discussions between Indian Petroleum Minister Hardeep Singh Puri and Russian officials have resulted in a verbal agreement to negotiate the resumption of Russian liquefied natural Continue Reading

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West Asia Tensions and Oil Price Rise Unlikely to Significantly Impact Inflation: Sitharaman

By Uniquetimesorg March 9, 2026 0

Finance Minister Nirmala Sitharaman on Monday told Parliament that the ongoing geopolitical tensions in West Asia and the rise in global crude oil prices are not expected to significantly impact India’s inflation at present, as inflation remains near the lower bound. In a written statement, she noted that the medium-term effect of rising oil prices […]Continue Reading