Business
Rupee near record lows: Will exporters gain competitiveness or lose on rising import costs? All you need to know – The Times of India
The Indian rupee traded near record lows against the US dollar on Tuesday, slipping to 88.15 after closing at an all-time low of 88.18 a day earlier. The depreciation has provided exporters with better price competitiveness but raised concerns for import-heavy sectors.Exporters said the fall in the rupee presents a mixed picture. “On one hand, it enhances the price competitiveness of Indian products in global markets, particularly as exporters diversify beyond the US. On the other hand, for sectors with high import dependence such as gems and jewellery, petroleum products, and electronics, the cost of imported inputs will partly offset the currency advantage, squeezing margins,” Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai said, PTI quoted him as saying.Exporters diversify amid tariff threatThe government has urged exporters to diversify shipments beyond the US, warning that Washington’s 50 per cent tariffs on Indian goods could dent shipments. The US accounts for about 20 per cent of India’s exports, amounting to $86.5 billion in 2024-25 out of a total of $437 billion.Sahai added that the rupee’s weakness offers an opportunity to deepen presence in emerging markets while pushing for greater domestic value addition. “That will reduce import intensity and ensure sustainable export growth,” he said.Importers face rising billsFor importers, the impact has been immediate. “The primary and immediate impact of a depreciating rupee is on the importers who will have to shell out more for the same quantity and price. However, it is a boon for the exporters as they receive more rupees in exchange for dollars,” said a trader, who did not wish to be named.India meets 85 per cent of its oil needs through imports, making petroleum products particularly vulnerable. The basket of imports also includes crude oil, coal, plastic materials, chemicals, electronic goods, vegetable oil, fertiliser, machinery, gold, pearls, precious and semi-precious stones, and iron and steel. Overseas education and foreign travel are also expected to become costlier.Kanpur-based Growmore International Ltd MD Yadvendra Singh Sachan said that stability was crucial. “Any volatility in the value is not good for both exporters and importers. At the current scenario, 85 will be better,” he said.The rupee’s slide has been attributed to uncertainty over the Indo-US trade deal, capital market outflows, and weak domestic equities. Forex traders said risks remain skewed to the downside amid tariff concerns.India’s exports snapped a two-month decline with a 7.29 per cent rise to $37.24 billion in July, but the trade deficit widened to an eight-month high of $27.35 billion. During April-July 2025-26, exports rose 3.07 per cent to $149.2 billion while imports increased 5.36 per cent to $244.01 billion, leaving a trade deficit of $94.81 billion.
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IndiGo faces massive flight cancellations despite DGCA rollback, affecting thousands. Experts like advise on travel insurance claims and proper documentation.
ndiGo Disruption Intensifies: What Travel Insurance Covers During Flight Chaos
There seems to be no end to the mayhem of IndiGo’s operational meltdown as hundreds of flights have been cancelled on Saturday. The chaos has continued despite the Directorate General of Civil Aviation (DGCA) rolling back the Flight Duty Time Limitations orders, which were the lead cause to disrupt the capability of carriers to maintain regular operation.
Thousands of passengers, from students to senior citizens to professionals, have been affected in the past few days during the flight cancellations, disrupting their plans and schedules. Along with that, they have to face monetary losses too.
Travel insurance is one such option that travelers can use while facing this kind of situation. Not many of people in India are aware of how a travel insurance works and whether all plans cover flight cancellation costs.
Meet Kapadia, Head of Travel Insurance at Policybazaar.com said that travel Insurance offers fixed pay outs if the traveller is stranded for a specified number of hours (6–12 hours).
“They also reimburse the cost if the flight is cancelled and traveller has to book a new flight, or arrange hotel stay, cover meals, essentials, and other emergency purchase,” Kapadia added.
Customers, however, should know that a very low-priced/ basic product of travel insurance may not pay for non-medical losses from an airline operational cancellation unless that benefit is purchased, according to Chetan Vasudeva, Senior Vice President – Business Development at Elephant.in, Alliance Insurance Brokers.
“No – basic plans may not fully cover losses from airline operational problems unless the policy explicitly includes or has an option for trip cancellation / carrier cancellation, trip interruption, missed-connection or trip-delay benefits,” Vasudeva added.
He further told that many standard travel policies include only basic medical, baggage and emergency assistance by default. “If you want protection specifically against airline operational issues, check for carrier cancellation/trip cancellation/missed-connection or buy a cancel-for-any-reason add-on cover.”
Beyond the financial safety net , the insurer also provides 24×7 assistance and emergency support to help passengers manage disruption with less stress in unfamiliar locations.
What Should Customers Need To Do To Get Claims?
The first 24 hours after a flight cancellation are crucial for building a strong claim file.
The policyholder should immediately need to obtain written proof from the airline such as an email, SMS, or a formal flight disruption certificate, that clearly state the due cause and timing of the cancellation, explained Vasudeva. “At the same time, this is when policyholder should inform their insurance provider’s helpline immediately after the disruption; quick intimation is often listed as a mandatory requirement in most policies,” he added.
During this period, every incidental expense such as food, hotel stays, transport, or rebooking, should be supported with itemized receipts and payment proofs. If the airline offers alternative arrangements like meal vouchers or free accommodation, passengers need to preserve those records as well, because insurers cross-verify what has already been compensated.
Careful documentation in the first 24 hours substantially reduces the chances of queries, delays, or rejection during the processing of claims, Vasudeva stated.
Click here to add News18 as your preferred news source on Google. December 06, 2025, 13:56 IST
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Business
After 25 Bps Cut, India At 5.25%: How Policy Rates Compare Across BRICS, US And Other Economies
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At 5.25%, India’s policy rate is higher than the US, UK and Eurozone but far below Brazil and Russia, which still run double-digit rates to fight inflation pressures.
RBI cuts repo rate by 25 bps to 5.25 per cent
India’s Central bank has shifted gears to support the economic momentum and ease lending with a rate cut of 25 basis points in the latest Monetary Policy Committee (MPC) meeting between December 3 to 5. The latest lending benchmark – repo rate – stood at 5.25 per cent after Friday’s 25 bps cut from 5.50 per cent.
The Reserve Bank of India (RBI) governor, Sanjay Malhotra, in his speech on Friday, termed the current economic situation as ‘rare goldilocks period’, stating that inflation is at a benign 2.2 per cent and growth at 8.0 per cent in H1:2025-26.
The standing deposit facility (SDF) rate under the liquidity adjustment facility (LAF) now adjusted to 5.00 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 5.50 per cent. The MPC also decided to continue with the neutral stance.
The repo rate is the interest rate at which banks borrow money from the RBI. When banks face a shortage of cash, they borrow from the RBI by pledging government bonds. The interest the RBI charges on this borrowing is known as the repo rate. If the RBI raises the repo rate, borrowing becomes costlier for banks. If it lowers the rate, banks can access funds more cheaply.
The policy rate is a critical monetary tool utilised by the banks to control money flow into the economy. The Central banks of different countries seek to strike a balance to keep the economic growth momentum and stop inflation from getting out of control.
Comparison of Different Policy Rates As Of Now In Major Economies:
| Country | Interest Rate (Policy Rate) |
| United States | 4.00 % |
| United Kingdom | 4.00 % |
| Eurozone (ECB) | 2.15 % |
| India (RBI) | 5.25 % |
| Japan (BoJ) | 0.50 % |
| Australia (RBA) | 3.60 % |
| Canada (BoC) | 2.25 % |
| China (PBoC) | 3.00 % |
| Brazil (BCB) | 15.00 % |
| Russia (CBR) | 16.50 % |
India’s policy rate stood in align with the developed economies such as USA and UK, while a way too below in comparison to BRICS countries. For instance, Brazil and Russia’s policy rates are in the double digit – 15% and 16.50% respectively, due to run away inflation.
Click here to add News18 as your preferred news source on Google. December 06, 2025, 09:34 IST
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On December 6, 2025, OMCs updated petrol and diesel prices across cities like New Delhi, Mumbai, and Chennai, reflecting global crude oil trends, taxes, and currency rates.
Petrol, Diesel Prices On December 6
Petrol and Diesel Prices on December 6, 2025: OMCs update petrol and diesel prices daily at 6 AM, aligning them with fluctuations in global crude oil prices and currency exchange rates. This daily revision promotes transparency and ensures consumers have access to the most up-to-date and accurate fuel prices.
Petrol Diesel Price Today In India
Check city-wise petrol and diesel prices on December 6:
| City | Petrol (₹/L) | Diesel (₹/L) |
|---|---|---|
| New Delhi | 94.72 | 87.62 |
| Mumbai | 104.21 | 92.15 |
| Kolkata | 103.94 | 90.76 |
| Chennai | 100.75 | 92.34 |
| Ahmedabad | 94.49 | 90.17 |
| Bengaluru | 102.92 | 89.02 |
| Hyderabad | 107.46 | 95.70 |
| Jaipur | 104.72 | 90.21 |
| Lucknow | 94.69 | 87.80 |
| Pune | 104.04 | 90.57 |
| Chandigarh | 94.30 | 82.45 |
| Indore | 106.48 | 91.88 |
| Patna | 105.58 | 93.80 |
| Surat | 95.00 | 89.00 |
| Nashik | 95.50 | 89.50 |
Key Factors Behind Petrol and Diesel Rates
Petrol and diesel prices in India have remained unchanged since May 2022, following tax reductions by the central and several state governments.
Oil Marketing Companies (OMCs) update fuel prices daily at 6 am, adjusting for fluctuations in global crude oil markets. While these rates are technically market-linked, they are also influenced by regulatory measures such as excise duties, base pricing frameworks, and informal price caps.
Key Factors Influencing Fuel Prices in India
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Crude Oil Prices: Global crude oil prices are a primary driver of fuel prices, as crude is the main input in petrol and diesel production.
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Exchange Rate: Since India relies heavily on crude oil imports, the value of the Indian rupee against the US dollar significantly affects fuel costs. A weaker rupee typically translates to higher prices.
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Taxes: Central and state-level taxes constitute a major portion of retail fuel prices. Tax rates vary across states, leading to regional price differences.
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Refining Costs: The cost of processing crude oil into usable fuel impacts retail prices. These costs can fluctuate depending on crude quality and refinery efficiency.
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Demand-Supply Dynamics: Market demand also influences fuel pricing. Higher demand can push prices up as supply adjusts to consumption trends.
How to Check Petrol and Diesel Prices via SMS
You can easily check the latest petrol and diesel prices in your city through SMS. For Indian Oil customers, text the city code followed by “RSP” to 9224992249. BPCL customers can send “RSP” to 9223112222, and HPCL customers can text “HP Price” to 9222201122 to receive the current fuel prices.
Click here to add News18 as your preferred news source on Google. December 06, 2025, 07:47 IST
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