Daily Republic News
- Business
- May 22, 2026
RBI’s Rupee Defence Persists After At Least $2 Bn Intervention On May 22
The Reserve Bank of India (RBI) sold $2 billion to $3 billion on Thursday to defend the rupee against relentless pressure and stepped in again on Friday, helping it strengthen past the 96-per-dollar level, according to bankers.The RBI intervened via large state-run banks before t Read More
- Business
- May 22, 2026
Capital Group’s Pivot From Reliance — Bets Billions on Adani Group Stocks
Investment management major Capital Group has placed an over $2 billion bet on three Adani Group stocks including Adani Power Ltd, and Adani Green Energy Ltd after parring its holdings in Reliance Industries Ltd.The preferred bits of Capital Group are Adani Power Ltd, Adani Gree Read More
- Business
- May 22, 2026
Inflation to Guide Borrowing Costs Over Falling Rupee as Rate Hikes Unlikely, Say Sources
India’s central bank does not see interest rate hikes as the best way to defend the embattled rupee, three sources said, a position at odds with markets, reinforcing that inflation – not the currency – will guide policy on borrowing costs.The Reserve Bank of India has other lever Read More
- Business
- May 22, 2026
Crude Oil Prices Threaten to Hit $200 on Prolonged Strait of Hormuz Closure
Global crude oil prices could rise to $200 per barrel in the worst-case scenario if the Strait of Hormuz remains closed, warned a report from Wood Mackenzie. Global energy markets have been on edge since the start of the Iran war in February. Oil prices have shot up, sending shoc Read More
- Business
- May 22, 2026
Crude Oil Climbs on Friday but Stays Set for Weekly Drop as US-Iran Peace Talks Face Gaps
Oil prices climbed on Friday but were on track for a weekly loss as investors doubted the prospects of a breakthrough in U.S.-Iran peace talks.Brent crude futures rose $1.66, or 1.6%, to $104.24 a barrel by 0405 GMT, while U.S. West Texas Intermediate futures were up $1.11, or 1. Read More
- Business
- May 22, 2026
Air India CEO Says Successor Will Have ‘Hands Full’
Air India CEO Campbell Wilson said on Thursday that his successor will have his or her “hands full,” as the carrier grapples with a ban on the usage of neighbour Pakistan’s airspace, fallout from the Iran war and a strong US dollar. Wilson said he would leave in a couple of mont Read More
- Business
- May 22, 2026
Why This Maharatna Energy Stock Surged After Net Profit Fell 41% YoY To Rs 1,481 Crore
Gail India Share Price: The shares of natural gas major Gail India rose as much as 1.53% to hit an intraday high of Rs 158.34. apiece on Friday’s trading session even after its Q4 net profit declined 41% year-on-year (YoY) to Rs 1,481 crore as compared to Rs 2,505 crore in the ye Read More
- Business
- May 22, 2026
Parle Industries Stock Surges 15% in 3 Days After Modi-Meloni Melody Video
A viral gesture has triggered speculative buying on Dalal Street, sending a small-cap Indian stock soaring on a case of mistaken identity.Shares of Parle Industries Ltd locked into their maximum daily trading limit for the third consecutive session on Friday. The buying frenzy be Read More
- Business
- May 22, 2026
Stock Market Opening Bell: Sensex Rallies 0.10%, Nifty 50 Surges 0.07%
Stock Market Opening Bell: The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Friday, tracking gains in global markets, amid hopes of a US-Iran peace deal.While Sensex surged 0.10% to 75260.40 level, Nifty 50 rose 0.7% to 23,671.20 level Read More
- Business
- May 22, 2026
Right Moment To Let Rupee Depreciate: Finance Commission Chair Tells RBI
The Reserve Bank of India (RBI) should not let the psychological barrier of Rs 100 per dollar dictate its monetary strategy, and the right approach under current conditions is to allow the domestic currency to weaken, according to Arvind Panagariya, Chairman of the 16th Finance C Read More
