Domestic equity markets tumbled on Monday as rising tensions in the Middle East kept crude oil prices firmly above the $100-a-barrel mark, while Prime Minister Narendra Modi’s call for fuel conservation and lower imports added to concerns over the economy’s ability to weather a prolonged energy shock.  The benchmark Nifty 50 fell 1.5…
India’s central bank has urged state-run oil refiners to curb spot dollar purchases and tap a special credit line for their foreign ​exchange needs, three sources said, reviving measures used earlier in the Ukraine ​war to ease pressure on the rupee. A surge in oil prices and heavy foreign portfolio outflows ‌have battered…
As of 6 April 2026, the banking system was in a liquidity surplus of about Rs 3.8 trillion. This is a reasonably comfortable headline number, equivalent to roughly 1.5% of banks’ net demand and time liabilities (NDTL).  Yet, this headline surplus masks a much more uneasy underlying reality. Despite sustained and historically…