Gold Silver Reports (GSR) – Petrol, Diesel Prices Touch All Time High — Petrol price on Sunday increased by 33 paisa a litre in Delhi—the highest since the daily price revision came into force in mid-June 2017, and diesel by 26 paisa, according to price notification issued by state-owned oil firms.
India
India’s Forex Reserves Fall for the 4th Week in a Row
Gold Silver Reports (GSR) – India’s Forex Reserves Fall for the 4th Week in a Row — India’s foreign exchange (forex) reserves on Friday recorded a weekly fall for the fourth time in a row at a time when rupee has been under pressure against the dollar. The Reserve Bank of India (RBI) data showed forex reserves fell $1.2 billion on-week to $417.7 billion as on 11 May.
India CPI Inflation Rises To 4.58% In April
Gold Silver Reports (GSR) – The index of consumer price inflation stood at 4.58 percent in April, overturning a three month slide from its peak, according to data released by the Central Statistics Office. Economists polled Expected CPI inflation at 4.41 percent. Inflation stood at 4.28 percent in March, and 4.4 percent in February.
India’s $2.3 Trillion Equity Market has Surged in Recent Years
Gold Silver Reports (GSR) – India’s $2.3 Trillion Equity Market has Surged in Recent Years — India’s equity culture may also get a boost from a stewardship code to be rolled out for the country’s fund managers to push for corporate-governance best practices. The PFRDA, along with India’s insurance and securities regulators, is pursuing the new code, Contractor said.
Trump Trade War Spurs India to Import More Oil, Drones From U.S.
Gold Silver Reports (GSR) – Trump Trade War Spurs India to Import More Oil, Drones From U.S. — Asia’s third-largest economy could bridge the surplus by up to $4 billion through oil imports alone, government officials said, asking not to be identified as they are not authorized to speak to the media.
Foreign Investors have Pulled out Nearly Rs 8,000 Crore from the Indian Capital Markets
Gold Silver Reports (GSR) – Foreign investors have pulled out nearly Rs 8,000 crore from the Indian capital markets — This comes following an inflow of Rs 11,654 crore in equities last month and an outflow of over Rs 9,000 crore from the debt markets.
India’s Biggest E-Commerce Flipkart Needs Walmart to contend with Amazon; Incredible Patience and lots of Capital
Gold Silver Reports (GSR) – India’s Biggest E-Commerce Flipkart Needs Walmart to contend with Amazon; Incredible Patience and lots of Capital. An acquisition by Walmart will give the Indian unicorn a “second life”, he told BloombergQuint in an interview. “Head to head, Flipkart has no chance to get Amazon. Over time, Amazon would have outlasted them.”