RBI partially rolls back curbs on rupee derivative trades

MUMBAI: RBI on Monday partially unwound emergency curbs on rupee derivatives, signalling a shift from firefighting to restoring normal market function after a spell of currency volatility.The central bank withdrew its April 1 directive, which had barred banks from offering non-deliverable forwards (NDFs)—offshore rupee derivatives settled in foreign currency—and prevented users from rebooking cancelled forward…

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Oil Prices: Oil prices today: Crude falls as upcoming US-Iran talks offsets supply disruption fears

Oil prices declined on Tuesday, reversing sharp gains from the previous session, as expectations of imminent US-Iran peace talks eased concerns over prolonged supply disruptions from the Middle East.Brent crude futures fell 95 cents, or 1%, to $94.53 per barrel, while US West Texas Intermediate (WTI) crude for May dropped $1.54, or 1.72%, to $88.07….

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Showers and sunshine tame India’s emissions

CHENNAI: India’s carbon emissions have, for once, paused. In 2025, the country’s carbon dioxide output edged down, breaking a decades-long trend of steady increases. This is also the first time on record that emissions have fallen during normal economic conditions. Previous declines were seen only during exceptional disruptions, such as the 2020 pandemic and the…

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Core sector output contracts in March on West Asia war

NEW DELHI: Amidst the conflict in West Asia, output in India’s eight core infrastructure industries contracted 0.4% in March, the first since last Oct, as four of the sectors registered a decline in production during the month, latest official data released Monday showed. Fertiliser output (-24.6%) saw the steepest contraction in March as plants went…

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India looks to renegotiate trade pact with Korea

NEW DELHI: India is looking to renegotiate its free trade agreement with South Korea to address the widening trade deficit and make the pact more contemporary, commerce and industry minister Piyush Goyal said on Monday.“All options are on the table… we may even consider rewriting it into a completely new FTA because it should be…

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