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Hans India
an hour ago
- Business
- Hans India
Policymakers need to be vigilant of evolving global crude price dynamics impact: RBI
New Delhi: While active government intervention has contained spillover to domestic oil prices, policymakers need to be vigilant and cautious of the direct and indirect impact of the evolving global crude price dynamics through continuous assessment, given India's increasing dependence on crude oil imports, the Reserve Bank of India (RBI) has stressed. In this regard, government policies would play a pivotal role in containing the impact, said the RBI in a paper titled 'Revisiting the Oil Price and Inflation Nexus in India' in its latest Bulletin. 'Specifically, reducing crude oil dependence by promoting alternate non-fossil energy usage and regional free trade agreements and bilateral treaties with major oil exporters could be explored for oil imports at favourable prices,' the paper emphasised. In recent years, India's net import demand for crude oil has remained strong, fuelled by consumption growth and robust economic activity. Oil prices and their inflationary impact is a key metric that sensitise monetary policy formulation in economies vulnerable to oil price shocks, particularly net oil importers, where rising oil prices can significantly dampen economic growth and stoke inflation pressures. 'The direct impact of international crude oil price changes to domestic petrol and diesel inflation, and indirectly through transportation and input costs, is evident in the post-deregulation period albeit at a subdued level as government intervention by taxes, cess and regulation of oil marketing companies has often muted the impact,' the RBI paper noted. The results of the empirical analysis suggest that a 10 per cent increase in international crude oil prices could raise India's headline inflation by around 20 basis points on a contemporaneous basis. 'Although the pass-through to retail prices has remained contained with active government intervention, increasing dependence on crude oil imports may have inflationary consequences in the long run, warranting constant vigilance and careful monitoring of its potential impact,' said the RBI paper. Meanwhile, India is taking steady, confident steps towards oil self-sufficiency and under Prime Minister Narendra Modi's leadership, the country is securing its energy future, step by step, Petroleum Minister Hardeep Singh Puri said recently. While 1 million square km offshore area is now open for oilfield exploration, 99 per cent of 'No-Go' areas have been cleared. The oil and gas blocks being offered under the Open Acreage Licensing Programme (OALP) have already garnered attention from global and domestic energy players, and Round X is expected to set new benchmarks for participation and investment.
GMA Network
6 hours ago
- Climate
- GMA Network
Bernadette Reyes to netizens bashing her amid typhoon coverage: 'Hangad ko pa rin ang kaligtasan niyo'
Bernadette Reyes has something to say about the negative comments she has been receiving online. The GMA Integrated News broadcaster shared screenshots of netizens commenting about her appearance and voice during her typhoon coverage. On Facebook, Bernadette wrote, 'It takes a brave spirit to weather the storm but it takes an even bigger heart to wish others well kahit minumura at nilalait na ang buong pagkatao.' 'Maaring hindi ako maganda sa panlabas sa inyong paningin pero hindi nyo ito kayang sabihin if only you know the kind of person that I am,' she added. Bernadette told netizens who spread memes about her, editing photos and captions 'to make me look bad' and those who 'ginawa akong katatawanan,' that she still wishes they are safe well during this season. "Hangad ko pa rin ang kaligtasan niyo at nawa ay ligtas at nasa maayos kayong kalagayan," she said. 'Sa mga patuloy na nagcocomment, nag memessage para magpakita ng pagsuporta, please know that i really appreciate each and everyone.' '[Twenty] years and counting... patuloy na mag lilingkod sa bayan. uulit-ulitin para sa bayan,' she added. She ended her post by saying, "Life is beautiful too. I choose to see beauty.' Severe Tropical Storm Emong moving southwestward over the sea west of the Ilocos Region with Signal No. 3 raised over two areas while Tropical Storm Dante maintains its strength with no signals raised, according to the 5 a.m. Tropical Cyclone Bulletin posted by PAGASA. —Nika Roque/JCB, GMA Integrated News
Time of India
11 hours ago
- Business
- Time of India
Net FDI inflows fell 98% in May as repatriation increased 24%: RBI Bulletin
Mumbai: Net foreign direct investment (FDI) into India fell 98% year-on-year to $35 million in May amid higher repatriation by overseas investors and a fall in gross inflows, latest central bank data published in its monthly Bulletin showed. Net FDI was 99% lower compared with April. Gross inflows fell 11% YoY to $7.2 billion in May, while repatriation of FDI increased nearly 24% to $5 billion. Outward FDI increased to $2.1 billion from $1.8 billion a year ago. Explore courses from Top Institutes in Please select course: Select a Course Category Technology Healthcare Others CXO Degree others Management Product Management Data Science Operations Management healthcare MCA Design Thinking Project Management Public Policy Cybersecurity Data Science Artificial Intelligence Digital Marketing Data Analytics MBA Leadership PGDM Finance Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details The Reserve Bank of India (RBI) said that Singapore, Mauritius, the UAE and the US together accounted for more than three-fourths of the total FDI inflows in May 2025. Manufacturing, financial and computer services were the top recipient sectors. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like How Smart Are You Really? This Test Will Surprise You Try Now Undo On the other hand, top sectors for outward FDI included transport, storage and communication services, manufacturing, and financial, insurance and business services. Major destinations for outward FDI included Mauritius, the US and the UAE. In May, net portfolio investments stood at $1.6 billion. This compares with net portfolio outflows in the year and month-ago periods. Live Events According to experts, FDI inflows are perceived to be a more stable source for India's foreign exchange reserves compared to portfolio flows. Currently, India's FX reserves stood at $696.7 billion. At the current level, FX reserves provides cover for more than 11 months of goods imports and for 95% of the external debt outstanding at the end of March 2025.
The Print
13 hours ago
- Business
- The Print
Indian economy held up amidst tariff policy uncertainties: RBI Bulletin
'Domestic economic activity held up, with improving kharif agricultural season prospects, continuation of strong momentum in the services sector and modest growth in industrial activity,' it said. An article on 'State of the Economy' in July Bulletin said the global macroeconomic environment remained fluid in June and July so far amidst geopolitical tensions and tariff policy uncertainties. Mumbai, Jul 23 (PTI) India's economic activities held up during June-July amidst geopolitical tensions and tariff policy uncertainties, Reserve Bank's Bulletin said on Wednesday. It noted that headline retail inflation remained below 4 per cent for the fifth consecutive month in June driven by deflation in food prices. Also, system liquidity remained in surplus to facilitate a faster transmission of policy rate cuts to the credit markets. The external sector remained resilient, backed by ample foreign exchange reserves and a moderate external debt-to-GDP ratio, it added. The central bank, however, said the views expressed in the Bulletin article are of the authors and do not represent the views of the Reserve Bank of India. PTI NKD HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Deccan Herald
19 hours ago
- Business
- Deccan Herald
Indian economy held up amidst tariff policy uncertainties: RBI Bulletin
An article on 'State of the Economy' in July Bulletin said the global macroeconomic environment remained fluid in June and July so far amidst geopolitical tensions and tariff policy uncertainties.
