India is accelerating its strategic petroleum reserve expansion to strengthen energy security amid global supply disruptions and rising geopolitical tensions. India intends to expand its strategic petroleum reserves, which include a 2.5-million-ton reserve in Padur and a 4-million-ton facility in Chandikhol, in response to issues with energy supply. India’s Strategic Petroleum Reserve Expansion Plans India’s … Read more

In terms of interbank foreign exchange, the local currency began trading at 93.94 versus the US dollar and fluctuated between 93.86 and 94.08 before reaching an all-time low of 94.05 (provisional), down 29 paise from its previous closing. Heavy FII withdrawals and simmering tensions in West Asia had investors on edge as the rupee fell … Read more

Despite increased anticipation of a de-escalation in the Iran conflict and possible negotiations between the United States and Iran, precious metals saw strong purchasing in Wednesday’s trading as attacks continued to spread around West Asia. Gold and Silver Surge Amid Geopolitical Uncertainty On March 25, April gold futures increased $199 to reach an intraday high … Read more

At the World Trade Organization’s 14th Ministerial Conference (MC14), which will start on March 26 in Yaoundé, Cameroon, India will advocate for a development-focused revision of international trade regulations, along with advancements in e-commerce, fisheries subsidies, and agriculture, the commerce ministry said in a statement on Wednesday. India to Push Development Agenda at WTO MC14 … Read more