Latest Updates Around The World
The rupee witnessed high volatility in early trade on Wednesday as support from falling crude oil prices was offset by uncertainty over the India-US trade deal and continued foreign fund outflows. Forex traders said the main cause of the rupee’s weakness in December was persistent FPI selling in both the equity and debt markets, with […]
Global oil markets have entered a bearish phase, with the US NYMEX index falling below $60 per barrel last week. Prices have fallen more than 20% from a January high of $74, wiping out gains from the summer rally. This sharp downturn reflects a convergence of supply-side strength and demand-side weakness, reshaping the outlook for […]
Oil prices closed more than 2 percent higher on Friday as the Russian port of Novorossiisk halted oil exports after a Ukrainian drone attack hit an oil depot in the Russian energy hub, raising supply concerns.Brent crude futures rose $1.38, or 2.19 percent, to $64.39 a barrel, while U.S. West Texas Intermediate crude rose $1.40, […]
Oil prices rose in early Asian trading on Monday after OPEC+ decided to postpone production increases in the first quarter of next year, allaying growing fears of a supply glut. Brent crude futures rose 47 cents, or 0.73 percent, to $65.24 a barrel by 2336 GMT, after closing 7 cents higher on Friday. U.S. West […]
The rupee pared initial gains to close 7 paise lower at 88.03 (provisional) against the US dollar on Friday, weighed down by trade tensions and global uncertainties. Forex traders said renewed foreign fund inflows and lower crude oil prices further boosted investor sentiment and limited the downside. At the interbank forex market, the rupee opened […]
The Indian rupid recovered from the low points of all time and settled higher by 7 Paise at 88.28 (for the time being) against the US dollar on Friday, about weakness in the US dollar index and positive domestic markets. Forex traders said that the domestic unit traded in a tight reach and fluctuated a […]
