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Worries about a larger one percentage point rate hike at the end of July eased following remarks from Fed officials last week that the policymakers could stick to a 75 basis point hike.

Oil prices have been whipsawed between concerns about supply as Western sanctions on Russian crude and fuel supplies have disrupted trade flows to refiners and end-users and rising worries that central bank efforts to tame surging inflation may trigger a recession that would cut future fuel demand.

​​​On Friday, Fed officials signalled they would likely stick with a 75-basis-point interest rate increase at their upcoming policy meeting, though a recent high inflation reading could still warrant larger increases than anticipated later in the year. Although gold is seen as an inflation hedge, higher interest rates and bond yields raise the opportunity cost of holding bullion, which yields no interest.

As per importers, metal prices fluctuate a lot. For customs duty, the price at the time of placing the order must be considered, and not the prevailing price at the time when the tax is levied.

The sources said Ramkrishna "identified officers from the market watch, market surveillance and risk management departments who had access to critical online information and access to online real-time databases" and ordered their numbers to be tapped.

Headwinds of inflation on consumer spending are still a worry and may impact the upcoming festive fervour, Retailers Association of India (RAI) has said.

Vi could buy 5G airwaves worth around Rs 20,000 crore while Adani can buy less than Rs 1,000 crore worth of airwaves.

Card-based fintech players Uni and PayU-owned LazyPay (through its LazyCard product) have completely stopped giving new prepaid cards amid a lack of regulatory clarity, they added. Both these companies, however, continue to support existing cardholders and are working to forge new partnerships with lenders to ensure business continuity, they said.

Kannan said the company is set to achieve its VNB target of ₹2,650 crore this fiscal, double of FY19, helped by a 25% annualised premium equivalent (APE) growth which is the sum of annualised first-year premiums on regular premium policies, and ten per cent of single premium policies.

As the top recipient, India was expected to be one of the worst affected - with a projected decline of 23% - as the host country basket of the diaspora was vulnerable to the twin effects of economic slowdown and slump in oil prices.