Teli said in November the federal government had joined other major consumers to release 5 million barrels of oil from its strategic petroleum reserves to contain inflationary pressures. On Monday, Teli said India is "closely monitoring global energy markets as well as ...
Quite a few developing countries are considering or implementing a strategic petroleum reserve policy to ensure their energy security. This paper investigates the oil stockpiling policies and total oil insecurity costs of China and India, two of the largest developing countries, with taking into accoun...
The Indian government allowed on Thursday foreign national oil companies (NOCs) to fill India's Strategic Petroleum Reserve (SPR) at Padur, in a move to cut budget expenses for storage costs. The SPR facility at Padur is an underground rock cavern with a total capacity of 2.5 million metric...
the Reserve Bank had to intervene in the foreign exchange market. Although the Reserve Bank does not control the exchange rate nor does it have any target for the exchange rate, it does intervene to bring orderly conditions in the market. The Reserve Bank had to give dollars...
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Brief – :Explore the recent report by the Reserve Bank of India, unveiling a noteworthy decline in India’s forex reserves. Delve into the strategic interventions by the RBI, the historical peak, and the implications for the country’s economic stability. ...
Last month, India imported as many as two million barrels of Iranian crude for its strategic petroleum reserve stocks. The country is planning to import twice that volume to stock up its emergency oil reserves. MS/IRN82313009 News ID
a strategic petroleum reserve (SPR) and energy security. Several major global oil and commodity trading firms have expressed interest inbuilding India's new SPR, the government told the lower house of parliament on 3 August. The government has earmarked 50bn rupees ($600mn) in its budget for...
Pakistan spent about $11 billion or about 3.6 percent of its gross domestic product on defense. India meanwhile allocated about $58 billion, or 2.1 percent of its GDP on defense, according to the International Institute for Strategic Studies. India’s ballooning military spending has propelled it...