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Rupee gains 35 paise Vs dollar in early trade
Friday, December 7, 2018, 9:19 AM
The Indian rupee gained in the early trade on Friday. It opened higher by 35 paise at 70.55 per dollar on Friday versus previous close 70.90 per dollar. Rupee weakened sharply against the US dollar ahead of the important OPEC meeting that was scheduled last evening. USD-INR pair is expected to quote in the range of 70.30 and 71.20, says Motilal Oswal.
Oil weak after 7% slump; RBI to inject Rs 12,000 cr tomorrow & more
Wednesday, November 14, 2018, 8:55 AM
Oil markets remained on a weak footing on Wednesday after a 7% slump the previous session, with surging supply and expectations of faltering demand pressuring crude prices. Oil prices had the biggest one-day drop in three years. US WTI crude oil futures were at $55.66 per barrel at 0043 GMT, down 3 cents from their last settlement.
US waiver on Iran oil gives government comfort till polls
Monday, November 5, 2018, 1:08 PM
Modi government, struggling with rising crude oil prices, has received reports of relief from US. Despite US sanctions, India has approved the purchase of crude oil from Iran. This rebate will continue till first-week of May next-year and this will help the government in dealing with crude oil pressure till its tenure. The current term of the Modi government is ending in May 2019.
