As the battle rages on between Russia and Ukraine, world economies are set to go for a toss.
About 60% of the imported edible oil is palm oil. Because India is a big consumer of palm oil.
As the propensity to milk petrol and diesel for revenue grew, Indians had to pay a retail price that was a huge mark up compared to the price of crude
According to estimates, India imports over 80% of its oil needs and more than 50% of its gas requirement
The rupee has mostly been weak against the US dollar in recent months.
Crude oil for the July delivery traded higher by Rs 63, or 1.15%, at Rs 5,561 per barrel in 5,330 lots.
The government is confident that a normal monsoon and further opening up of the economy will ease inflationary pressures
Investors and industry leaders worry that China, once a deflationary force, is now exporting inflation
If competition continues to be constricted, consumers can expect the global surge in commodity prices to pinch further
Investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) will be monitored