Oil prices are expected to face further pain in the coming months as crude oil demand falls. However, there is room to profit from the decline as OPEC+ and US shale producers are forced to cut their oil production as prices fall. However, pressure on oil prices could ease in the second half of the…
Early Friday trading saw the rupee jump 51 paise versus the US dollar to 86.17 amid a fall in oil prices, a weakening greenback, and a robust start to domestic share markets. The local unit increased one day after US President Donald Trump halted the further 26% tariffs on India until July 9. The local…
Brent and WTI Oil are forecast to fall below $40 by the end of 2026 These forecasts are based on two key assumptions: the US economy will avoid a recession thanks to significant tariff cuts starting on April 9, and OPEC+ will moderately increase supply with two increases of 130-140kb each in June and July….
On Monday, the rupee saw its biggest one-day drop since January 12, plunging 61 paise, or 0.71%, to settle at 85.8425 versus the dollar. The decline occurred when US President Donald Trump’s expansive tariff proposals rocked the world’s financial markets, sending Asian stocks and currencies down. The rupee is affected by a growing trade war…
The rupee gained 34 paise to 84.96 against the US dollar in Friday morning trading. Emerging market currencies, including the rupee, benefited from the dollar’s widespread decline after Trump’s tariffs took effect. The decline in crude oil prices and the US dollar’s depreciation in foreign exchange markets are the main drivers of the rupee’s recovery….
Strong inflows of foreign funds helped the rupee rise 33 paise to 85.4625 vs. the US dollar on Friday, its highest level in three months. In addition, the domestic currency saw its largest monthly increase in more than six years in March, rising 2.17%, the most since November 2018. During the week, foreign portfolio investors…
The key market indices continued their gains from March 5th and ended the session on a high note. While the BSE Sensex experienced a 610-point rally to end at 74,340, the NSE Nifty 50 increased by more than 200 points to land at 22,545. Because Brent crude oil prices dropped below $70 a barrel, commodities…
The steep decline in the dollar index and the price of Brent crude oil caused the Indian rupee to open 8 paise higher on March 6. After closing at 86.97 against the US dollar, the local currency opened at 86.89 against the US dollar. Early trading saw the dollar index, which compares the value of…
Oil prices fell on Friday, heading for their first monthly drop since November, as markets watched an Oval Office argument between the U.S. and Ukrainian presidents Washington’s new tariffs and Iraq’s decision to resume oil exports from the Kurdistan region. Brent crude futures settled at $73.18 a barrel, down 86 cents, or 1.16%, while U.S….
US President Donald Trump’s aggressive tariff measures against China, Mexico, and Canada, along with the recent threat against Europe, sparked worries of a global trade war, sending the rupee plunging to a new record low and the benchmark indices closing down on Monday. The rupee made its first foray below the 87/$ threshold. At 87.195/$,…
