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Searched Tag: west asia war
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Gold slips Rs 150, silver drops Rs 5,000

July 6, 2026, 06:23 PM - 3 min read

Gold prices declined by Rs 150 to Rs 1,50,650 per 10 grams in the national capital on Monday, while silver tumbled Rs 5,000 per kilogram, as a stronger US dollar and subdued global cues prompted traders to book profits and reduce exposure to precious metals. 

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India steps up oil exploration after West Asia supply scare

July 5, 2026, 06:17 PM - 4 min read

India plans to expand domestic oil exploration and open 2.5 lakh sq km for drilling after the West Asia conflict exposed vulnerabilities in energy supplies.

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Forex reserves drop to $ 666.93 billion

July 3, 2026, 05:58 PM - 2 min read

India's foreign exchange reserves declined by USD 5.654 billion to USD 666.933 billion in the week ended June 26, according to data released by the Reserve Bank of India (RBI) on Friday. In the previous reporting week, the country's forex reserves had increased by USD 963 million to reach USD 672.587 billion.

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Air India resumes all West Asia services

July 2, 2026, 04:56 PM - 3 min read

Air India Express has resumed flights to Salalah and Kuwait, restoring services to all its West Asia destinations after recent regional disruptions.

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Temporary restrictions on sale of petrol, diesel to be lifted

Temporary restrictions on sale of petrol, diesel to be lifted

June 30, 2026, 03:35 PM - 3 min read

According to the statement, during the period of disruptions arising from the West Asia crisis, the government continued to shield retail consumers from the sharp increase in international fuel prices by maintaining stable retail prices of petrol and diesel. This led to a significant price difference between retail fuel prices and those applicable to bulk consumers.

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Govt restores commercial LPG supplies to pre-crisis levels

June 25, 2026, 02:20 PM - 3 min read

The Centre has restored commercial LPG supplies to pre-crisis levels and lifted temporary restrictions imposed during the West Asia crisis, while continuing to promote PNG adoption.

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The Reserve Bank of India Governor Sanjay Malhotra.

Premature to discuss rate hike: RBI Governor

June 24, 2026, 06:11 PM - 5 min read

The Reserve Bank of India Governor Sanjay Malhotra has indicated that it is too early to discuss the possibility of an interest rate hike, stressing that the central bank remains vigilant about developments in West Asia while continuing to rely on incoming economic data to guide policy decisions.

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On Truth Social, US President Donald Trump said the agreement with Iran had been completed.

Peace deal on way; Trump says Hormuz open now

June 15, 2026, 09:53 PM - 3 min read

The agreement, later confirmed by Iran’s deputy Foreign Minister Kazem Gharibabadi, will immediately end hostilities between Iran and the US.

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PM Modi welcomes US-Iran peace understanding

PM Modi welcomes US-Iran peace understanding

June 15, 2026, 03:42 PM - 3 min read

In a post on X, PM Modi said, “I welcome the understanding reached between the United States and Iran on ending the conflict in West Asia, which has caused serious economic disruption across the world and led to loss of life in many countries.”

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MEA summons US diplomat over attack on vessel near Oman coast

June 10, 2026, 10:44 PM - 3 min read

India summoned the US diplomat over an attack on a vessel off Oman carrying Indian crew, demanding de-escalation and safe maritime navigation.

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A projectile is seen in a burned agricultural field near the town of Najha, Syria, Monday, June 8, 2026, after debris from Iranian missile launches during the Iran-Israel conflict fell in the area.

India condemns renewed West Asia attacks, urges restraint

June 8, 2026, 05:21 PM - 4 min read

India expressed deep concern over renewed hostilities in West Asia, urging all sides to de-escalate immediately and pursue diplomacy.

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RBI dismisses gold sale rumours

June 3, 2026, 06:19 PM - 4 min read

The clarification came in response to media reports claiming that the central bank may have liquidated gold worth nearly USD 12 billion to protect India's foreign exchange reserves amid the economic impact of the ongoing conflict in West Asia.

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