Daily Republic News
- Business
- May 13, 2026
From Senco To Kalyan: Why These Gold Stocks Plummeted Upto 6% On May 13
After the centre raised import duties on gold, and silver to 15% from 6%, the shares several jewellery stocks came under pressure, declining upto 6%.The import duty hike on gold is aimed at reducing imports, strengthen the rupee, and maintain forex reserves.On this move, Axis Sec Read More
- Business
- May 13, 2026
Rupee Sinks to Record Low of 95.74 Against Dollar as Oil Supply Risks Strain India’s Economy
The Indian Rupee hit a psychological breaking point on Wednesday, touching an intraday low of 95.74 at the interbank foreign exchange market. Market sentiment turned risk-off after US President Donald Trump rejected Iran’s latest peace proposal, describing it as “totally unaccept Read More
- Business
- May 13, 2026
RBI Ready to Intervene as Governor Malhotra Warns of Fuel Price Hike, Says ‘Only a Matter of Time’
India’s monetary policy can look through temporary supply shocks but may intervene if inflation pressures become entrenched following the Iran war-driven oil price spike, central bank Governor Sanjay Malhotra said.Malhotra was speaking at a conference in Switzerland late on Tuesd Read More
- Business
- May 13, 2026
India’s FY27 GDP Growth Projected At 6.7%: Morgan Stanley
Morgan Stanley has revised India’s FY27 GDP projection to 6.7% from 6.2% forecasted in April despite the ongoing concerns linked to ongoing West Asia crisis.In April, it was that forecasted crude oil prices average $95 per barrel (bbl) in FY27 with gas availability as an additio Read More
- Business
- May 13, 2026
RBI Likely to Hold Repo Rate at 5.25%; Is Your Dream of a Lower EMI Disappearing?
Homeowners waiting for a dip in their monthly installments may need to buckle up for a longer wait. The central bank is widely anticipated to maintain the status quo on interest rates. This decision is driven by the need to keep inflation within a manageable bracket as global com Read More
- Business
- May 13, 2026
Vodafone Idea Shares Surges 8% After Board Set To Consider Fundraising Post AGR Relief
Vodafone Idea Share Price: The share price of telecom major Vodafone Idea surged as much as 8% to hit a fresh 52-week high of ₹12.84 per share on Wednesday, May 13, after the company announced that its board would meet to consider a fundraising proposal alongside its Q4FY26 resul Read More
- Business
- May 13, 2026
RBI to Hold Repo Rate Until Inflation Hits 6%; Crude Over $100 Remains Key Risk: Report
India’s FY27E CPI inflation is expected to average between 4.8 per cent and 4.9 per cent, according to a report by Elara Capital, suggesting that the Reserve Bank of India (RBI) will likely maintain its current interest rate pause. As per the report, any transition toward a rate Read More
- Business
- May 13, 2026
Global Oil Crisis: Brent Hits $106.50 as US-Iran Tensions Shutter Hormuz; Fuel Hike Looms in India
Global energy markets are witnessing a shift as Brent crude prices slipped to $106.64 per barrel on Wednesday. The primary driver behind today’s price softening is a decisive move by the OPEC+ alliance. Major producers, including Saudi Arabia and Russia, met virtually to review m Read More
- Business
- May 13, 2026
West Asia Crisis Yet To Impact Inflation, But Fuel Prices Pass-Through to Shape Outlook: SBI Report
The ongoing tensions in West Asia have not yet significantly impacted India’s retail inflation, but the future trajectory of inflation will depend on fuel price pass-through and progress in summer crop coverage, according to a report by the State Bank of India.According to the re Read More
- Business
- May 13, 2026
‘We Will Deliver For India’ Says Vedanta’s Anil Agarwal After PM Modi’s Save Forex Call
After PM Narendra Modi urged citizens to switch to public transport, and reduce fuel usage, Vedant Group’s Founder Anil Agarwal said his conglomerate will deliver for India.In a recent X post, the mining billionaire said, “I fully empathise with Prime Minister @narendramodi’s app Read More
