Due to increased oil prices, Credit Suisse downgrades India to 'Underweight,' calling the reduction 'tactical.'

Economy
March 8, 2022, 11:30 a.m.

"Our downgrading of India is tactical, and it is primarily due to increasing oil costs." Oil damages the current account and puts indefinite pressure on the economy, as well as increasing vulnerability to US Fed rate hikes, according to Credit Suisse.

Will India's payment systems be able to withstand sanctions similar to those imposed by Russia?

Economy
March 7, 2022, 11:58 a.m.

"In the payment arena, India has gained significant capability since the debut of the NPCI's RuPay debit card, which processes significantly more transactions than Visa or MasterCard," says the report.

The cost of gasoline and diesel is rising. Check out the rates in your area.

Economy
March 7, 2022, 11:55 a.m.

On Monday, the price of gasoline and diesel in Bhubaneswar, the state capital, jumped. The current petrol price is Rs 102.10 per litre, while the diesel price is Rs 91.91 per litre.