Following Russia’s invasion of Ukraine, Brent crude has surpassed $90 on the downside for the first time in eight months. Brent was trading at roughly $90 in February when Russia invaded Ukraine, and then prices soared as hostilities grew more intense. Since OPEC+ wants to maintain prices high and recession fears are rising, the cartel…
The strength of the U.S dollar in the international market caused the rupee to weaken 12 paise to 79.90 against the dollar in Tuesday’s opening session. The rupee depreciated 12 paise from its previous level to start the day at 79.90 against the dollar on the interbank foreign exchange market. The rupee gained nine paise…
Oil prices declined on Tuesday, wiping out some gains from the previous session as the market worried that more aggressive interest rate increases from central banks may cause a downturn in the global economy and weaken fuel consumption. After rising 4.1% on Monday, the greatest gain in more than a month, Brent crude futures for…
Oil prices increased on Thursday on mounding supply force concerns among disruptions to Russian exports, the probable for major producers to cut output, and the limited closure of a U.S. refinery. Brent crude increased 59 cents, or 0.6%, to $101.81 a barrel, while U.S. West Texas in-between crude was up 42 cents, or 0.4%, at…
Indian rupee decreased 12 paise to 79.76 against the U.S. dollar in early trade on Friday, tracking the strength of the American currency in the global market. At the interbank external exchange, the rupee opened at 79.75 against the U.S. dollar, then decline to 79.76, entering a decline of 12 paise over the previous close….
Indian rupee depreciated 9 paise to 79.71 against the U.S. dollar in opening trade on Friday, tracking the strength of the American currency in the overseas market and rising crude oil prices. At the interbank foreign exchange, the rupee opened at 79.67 against the U.S. dollar and lost further ground to 79.71, registering a decline…
Indian rupee depreciated 22 paise to 79.46 against the U.S. dollar in early trade on Monday, tracking soften sentiment in the domestic equities. However, persistent foreign fund inflows into the capital market restricted the rupee’s fall, forex traders said. At the interbank foreign exchange, the rupee opened weak at 79.50 against the U.S. dollar and…
Oil prices edged lower on Tuesday, extending losses from the previous session, as investors worried about global oil demand following weak manufacturing data in several countries. Brent crude futures fell 29 cents to $99.74 a barrel, with WTI crude futures down 22 cents at $93.67 a barrel. Prices have been volatile, as investors weigh tight…
Gold produced a marginal gain last week as the dollar retreated from the high. However, silver continues to suffer and saw a marginal drop. On the Multi Commodity Exchange (MCX), gold futures advanced 1.1 percent to end the week at ₹50,644 (per 10 gram). But silver futures posted a loss of 0.8 percent as it…
Oil edged up on Wednesday, a day after prices fell through $100 a barrel for the first time since April, but gains were limited by caution ahead of U.S. inflation data that could weaken the market. Brent crude futures were up 45 cents, or 0.5 percent, at $99.97 a barrel. U.S. West Texas Intermediate crude…
