US President Donald Trump’s aggressive tariff measures against China, Mexico, and Canada, along with the recent threat against Europe, sparked worries of a global trade war, sending the rupee plunging to a new record low and the benchmark indices closing down on Monday. The rupee made its first foray below the 87/$ threshold. At 87.195/$,…
The rupee fell 13 paise versus the dollar to 86.46 on Thursday, according to currency traders, due to a drop in the majority of regional currencies and demand for dollars from overseas banks. Experts predict that the currency’s decline will continue, but at a slower rate now that the pessimistic outlook around the rupee has…
Due to the Chinese yuan’s decline and importers’ aggressive dollar buys, which were probably connected to month-end payments, the rupee fell to yet another all-time low on Monday, according to FX traders. The decrease was, however, restrained by dollar sales made by the state-owned banks acting on behalf of the Reserve Bank of India. After…
The rupee’s ongoing depreciation is mainly due to a strengthening dollar and selling by foreign investors. As the currency continued to decline, it reached a fresh closing low of 84.40 against the US dollar. The rupee settled at 84.40 after ranging from a high of 84.38 to a low of 84.41 during the day. According…
After rising more than 2% the previous day as OPEC+ postponed plans to increase production in December, oil prices moved in a narrow range on Tuesday amid what is predicted to be an unusually close US presidential election. U.S. West Texas Intermediate crude added 13 cents, or 0.18%, to $71.6 a barrel, while Brent crude…
Oil prices rose on Friday on concerns that Middle East conflict could disrupt supplies of this key export, Crude. U.S. crude futures rose 0.8% to $78.24 a barrel, while the Brent contract rose 0.8% to $74.35. Brent crude futures are set to gain around 8% for the week – their steepest since February 2023, while…
Not only did oil prices rise in early trade on Thursday, but oil prices continued to rise against the global market due to escalating conflicts in the Middle East. Brent crude futures were up 64 cents, or 0.87%, at $74.54 a barrel. U.S. West Texas Intermediate crude futures were up 72 cents, or 1.03%, at…
Oil prices rose on Monday as concerns grew about possible supply disruptions from the Middle East producing region after Israel stepped up attacks on Iranian-backed forces. Brent crude futures for November delivery rose 16 cents, or 0.22%, to settle at $72.14 a barrel. That contract expires on Monday and the contract for December delivery rose…
Oil prices ended the week down for a third straight day on Friday as investors focused on expectations of more supply from Libya and the wider OPEC+ group of oil exporters. Brent crude futures fell 57 cents, or 0.8%, to $71.03 a barrel, while U.S. West Texas Intermediate crude futures were down 58 cents, or…
Following a significant reduction in U.S. interest rates and a drop in global stocks, oil prices were expected to conclude the week higher for the second consecutive week. They were little moved in early Asian trade on Friday. Brent futures have gained 4.3% this week and were trading 19 cents, or 0.3%, lower at $73.69…
