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The Latest Breaking News from West Asia

Rising fuel prices to strain household budgets as West Asia crisis pushes crude above USD 100: Chief Economist Manoranjan Sharma

Fuel prices are climbing globally, impacting Indian households. The West Asia conflict is driving up crude oil costs, making higher fuel prices unavoidable. India, reliant on oil imports through the Strait of Hormuz, faces significant challenges. While the government aims to protect consumers, global energy shocks present limitations.

The Economic Times

More economic safeguards on the cards as West Asia conflict persists: Report

India is preparing new measures to protect its economy from the West Asia conflict. The government will introduce these steps gradually as needed. The focus is on ensuring supply of goods and raw materials. Stability in the rupee and foreign exchange is also a priority. This calibrated approach aims to…

The Economic Times

RBI MPC: India's Goldilocks moment dims, but the lights are not out

India's economic "Goldilocks moment" is shifting as the RBI raises its inflation forecast and lowers growth projections due to external shocks like the West Asia conflict and elevated oil prices. Despite these headwinds, the central bank believes strong domestic fundamentals, including resilient consumption and investment, will help cushion the blow.

The Economic Times

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RBI MPC June meet 2026: What's cheaper and what's costlier

The Reserve Bank of India has maintained the repo rate at 5.25%. This decision comes as policymakers assess the effects of higher energy prices and supply chain issues. The ongoing West Asia conflict is a key factor. Home loans and business borrowing costs are expected to remain stable. Savers will…

The Economic Times

Indian companies willing to deepen presence in Venezuela, says Minister Hardeep Singh Puri

India is looking to deepen its energy partnership with Venezuela, with Indian companies expressing readiness to expand their presence. This move is part of India's strategy to diversify energy sources amid disruptions to global oil supplies caused by the West Asia conflict. Venezuela's vast oil reserves make it a key…

The Economic Times

RBI MPC Meeting 2026: West Asia war shock is a concern, but India can ride it out 'with minimum pain', says Sanjay Malhotra

2026 RBI MPC Meeting: The Reserve Bank of India acknowledges global economic challenges from the West Asia conflict. Rising energy prices and supply chain issues create headwinds. However, India has built strong buffers. Diversified oil sourcing and robust foreign exchange reserves protect the economy. The central bank remains confident in…

The Economic Times

West Asia crisis: Why India needs a fertiliser security strategy

India’s fertiliser security is deeply tied to global supply chains. The country imports 60% of its DAP requirement, remains fully dependent on imported potash, and even domestic urea production relies heavily on imported liquefied natural gas.

The Economic Times

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RBI Inflation FY2026-27: The inflation battle is back as RBI raises FY27 forecast to 5.1% amid West Asia war

RBI Inflation 2026-27 Forecast: The Reserve Bank of India has raised its inflation forecast for fiscal year 2026-27. This revision reflects rising food prices and ongoing global uncertainties. The central bank has paused its repo rate decision. Higher crude oil prices and supply chain issues are complicating the inflation outlook.…

The Economic Times

RBI GDP growth 2026-27: Forecast cut to 6.6% as oil, war and subpar monsoon risks mount

RBI GDP Growth 2026-27: The Reserve Bank of India has reduced its economic growth forecast for FY27 to 6.6 percent. This adjustment comes amid concerns over global conflicts, energy prices, and weather. The central bank has maintained the key interest rate at 5.25 percent. India's economy shows resilience, but future…

The Economic Times

RBI MPC Meeting 2026: Sanjay Malhotra & Co hold rates steady at 5.25% as oil shock, weak rupee & West Asia war cloud outlook

RBI Monetary Policy Meeting 2026: The Reserve Bank of India maintained the repo rate at 5.25%, balancing inflation risks from rising crude oil prices and a weakening rupee against the need to support economic growth. The decision comes amid geopolitical tensions and concerns over a below-normal monsoon, with the central…

The Economic Times

RBI MPC Meeting at a Glance: Your one-stop guide for all key decisions

RBI Monetary Policy Meeting Highlights: Reserve Bank Governor Sanjay Malhotra will announce the Monetary Policy Committee's decision on Friday. The key policy rate is expected to remain unchanged at 5.25%. This pause reflects a cautious approach amid the West Asia conflict. The conflict poses risks to inflation and economic growth.…

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Friday

Indian equities ended largely unchanged as West Asia tensions tempered risk appetite. Broader markets outperformed despite recent corrections, while investors awaited the RBI policy decision and GDP data. Analysts flagged 23,500 as a key resistance and 23,300–23,200 as important support levels.

The Economic Times

Govt's new ATF pricing mechanism to fix Delhi fuel price at Rs 115/litre for airlines: Civil Aviation Ministry

A new fixed Aviation Turbine Fuel (ATF) pricing mechanism will set a uniform selling price of approximately Rs 115 per litre in Delhi for both domestic and international airline operations. This replaces the previous capped-price system, aiming to stabilize fuel costs for airlines amid West Asia crisis volatility.

The Economic Times

Sensex falls over 300 points, Nifty below 23,350 amid persistent FII selling

Indian stock markets opened lower on Thursday, with Sensex and Nifty declining due to persistent FII selling and global headwinds. Geojit Investments noted that geopolitical uncertainties in West Asia and FPI outflows are weighing on the market, suggesting a cautious approach for investors.

The Economic Times

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The Economic Times

Consumer sector beats expectations but faces commodity crunch from Q2, warns BofA Securities

India's consumer and retail sector saw a strong first half of FY26. GST cuts and a favorable base effect boosted consumption. However, rising input costs from West Asia and monsoon uncertainty now pose risks. The second quarter of FY26 is a critical point as low-cost inventory depletes. Rural demand sentiment…

The Economic Times

Exclusive | Is the India story over for FIIs? BofA says investors don't want to miss what's next

India's global equity market capitalization ranking has dropped to seventh as foreign investors shift focus to AI opportunities in Taiwan and South Korea. Despite this, genuine excitement for India's long-term economic potential remains, with investors preparing for its eventual resurgence.

The Economic Times

Muted opening likely as GIFT Nifty indicates a negative start for D-St

Nifty resumed its downward trend, falling on Wednesday due to geopolitical tensions in West Asia and elevated crude oil prices. Persistent FII outflows and a depreciating rupee further pressured the market. Analysts anticipate continued volatility as tensions escalate.

The Economic Times

Fuel price shield helping India and consumers to tackle West Asia crisis: Gita Gopinath

India is already cushioning the economy from the West Asia crisis. Gita Gopinath, former IMF Deputy Managing Director, states the government is limiting fuel price hikes. This acts as an implicit subsidy. She advises more targeted support for vulnerable households and businesses instead of broad fuel subsidies. This approach helps…

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The Economic Times

Elevated oil prices could drag India's growth to 6%, below IMF forecast of 6.5%: Gita Gopinath

Elevated oil prices could slow India's economic growth to around 6%, according to former IMF official Gita Gopinath. She warned that prolonged West Asian tensions could further impact global growth and India's prospects. Gopinath emphasized supply-side reforms, renewable energy, and improving ease of doing business to boost investment and strengthen…

The Economic Times

RBI likely to hold rates as West Asia crisis impact on growth remains unclear: Bank of Baroda Report

The Reserve Bank of India is expected to hold interest rates steady on Friday, according to Bank of Baroda. The central bank will likely maintain a data-dependent approach, balancing growth concerns with rising inflation risks. An upward revision in inflation forecasts is anticipated due to increased fuel prices and ongoing…

The Economic Times

Asia's industrial supercycle is outpacing the West Asia oil shock: Chetan Ahya, Morgan Stanley

A China-driven supply realignment, cutting gas imports by 45% and oil by 30%, has effectively added 7.5 million barrels daily to global markets, neutralising energy price fears. Morgan Stanley's Chetan Ahya argues a broad-based capex boom across AI, energy, defence, and industrial sectors is powering Asian growth, while urging India…

The Economic Times

Cabinet approves Rs 10,000 crore for ATF price stabilization fund

The Union Cabinet has approved a Rs 10,000 crore Aviation Turbine Fuel Price Stabilisation Fund. This fund aims to protect airlines and passengers from the sharp rise in ATF prices. The ongoing West Asia crisis has significantly impacted aviation fuel costs. This initiative will help manage the financial strain on…

The Economic Times

Rising crude and aluminium prices: Bharat Subramanian on what it means for India's energy and metals sectors

Geopolitical tensions in West Asia are driving up oil and aluminium prices. This benefits upstream oil explorers while squeezing oil marketing companies. Analysts see a potential new commodity upcycle. Aluminium prices are expected to peak next year. China's demand remains a key factor for global commodities. Investors are watching for…

The Economic Times

MSMEs to bear bigger hit than large firms from West Asia conflict: Crisil

The ongoing crisis in West Asia has struck a harsh chord for Indian small enterprises, leaving them vulnerable to significant setbacks. Anticipated decreases in production and revenue are creating a precarious balance for many, as mounting trade obstacles and rising expenditures apply further pressure on profits.

The Economic Times

Why Trideep Bhattacharya is betting on financials and energy despite global uncertainty

Indian equity markets face near-term pressure from the West Asia conflict. Corporate earnings remain resilient, though FY27 estimates may see modest downgrades. The June quarter is expected to be challenging. Financials are an attractive sector with accelerating credit growth. Long-term opportunities lie in capital goods, renewable energy, and energy transition…

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