Traders say the Reserve Bank of India may sell dollars to limit rupee depreciation.

India’s state-owned refiners have boosted liquefied petroleum gas (LPG) production to about 44,000 tonnes per day, roughly 20% above the August average, to meet rising cooking-fuel demand as the Persian Gulf conflict disrupts contracted supplies. Consumption curbs are being eased: rural refill wait times have been cut from 45 days to 25 days and officials say backlogs have fallen. The festival season, running into November’s Diwali, is supporting demand, but LPG consumption is still expected to be about 10% below year-ago levels as industrial demand has yet to fully recover after household supply was prioritised during the conflict.

印度政府下令将粗向日葵油的基本进口关税从10%下调至0%。