Topic
august
Commodities Russia Turns to Asia for Refined Fuel, Set to Receive Nearly 270,000 Tonnes in August
Russia is importing nearly 270,000 metric tonnes of refined fuel from Asia in August via ship-to-ship transfers after Ukrainian strikes disrupted domestic refinery output, according to shipping data and trade sources cited by Reuters. About one-third of the cargoes originated in India, with the rest loaded off South Korea and Malaysia. The imports mark a sharp reversal for Russia, a major net exporter of refined petroleum products, which has also extended its own fuel export bans into next year.
Business FPIs turn buyers again, pump Rs 16,621 crore into Indian equities in August
Foreign portfolio investors invested Rs 16,621 crore in Indian equities in the first fortnight of August, adding to Rs 20,200 crore in July and reversing a four-month selling streak. Despite the inflows, FPIs remain net sellers in 2026, with about Rs 2.4 lakh crore withdrawn year-to-date. Experts attribute the turnaround to improving valuations, resilient earnings, anticipated US rate cuts, softer crude prices and lower currency volatility.
Business Foreign Funds Invest Rs 12,921 Crore in Indian Equities in First Week of August
Foreign portfolio investors invested Rs 12,921 crore in Indian equities in the first week of August, according to Business Today, driven by improving macroeconomic conditions, expected US rate cuts, lower crude prices and a stable rupee. Despite the buying, FPIs remain net sellers in 2026, with total outflows of Rs 2.4 lakh crore.
Finance FPIs Invest ₹12,921 Crore in Indian Equities in First Week of August
Foreign Portfolio Investors invested ₹12,921 crore in Indian equities during the first week of August, continuing the buying momentum from July. Debt market flows were mixed, with ₹622 crore through the General Limit route and outflows of over ₹350 crore via the Fully Accessible and Voluntary Retention Routes.
Finance RBI Expected to Hold Rates on Aug 5 as Economists Flag Inflation, Rupee Stability
The RBI is expected to hold interest rates at its August 5 MPC meeting, according to a Business-Today report. SBI's chief economist sees CPI inflation averaging around 5% in FY27, while Goldman Sachs expects the rupee to stabilise, reducing the need for a hawkish policy shift.
Commodities India monsoon deficit narrows to 13% after July surplus; IMD predicts below-normal August rain
India's monsoon rainfall deficit narrowed to 13% in June–July after July posted a 1% surplus, but IMD has forecast below-normal August rain. Regional discrepancies are wide, with the south peninsula and east/north-east recording large shortfalls.
Finance IPO Buzz: Over a Dozen Companies Set to Raise Rs 25,000 Crore in August 2026
Over a dozen Indian companies, including Zepto, Truhome Finance, and Shiprocket, are set to launch IPOs in August 2026, collectively targeting over Rs 25,000 crore. The offerings include fresh equity and offer-for-sale components, reflecting improving investor sentiment and market stability, according to merchant bankers.
Commodities Saudi Arabia slashes August crude prices for Asia by $11 a barrel in biggest cut in over 20 years
Saudi Arabia has slashed its official selling price for August crude oil deliveries to Asia by $11 per barrel, marking the largest cut in over two decades, according to a Times of India report.
Commodities OPEC+ agrees fresh August oil output hike as Strait of Hormuz reopens
OPEC+ has agreed to increase oil production quotas by 188,000 barrels per day (bpd) from August, continuing the unwinding of earlier cuts. The decision comes as the Strait of Hormuz reopens following a US-Israeli war on Iran that had disrupted exports. Oil prices have retreated to pre-war levels, with Brent crude settling near $72 per barrel.