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The rupee opened lower on Friday, slipping seven paise to 89.97 against the US dollar amid continued foreign investor selling and a rise in global crude oil prices. Furthermore, US tariffs and muted domestic equity market sentiment drove foreign institutional investors to sell, placing additional pressure on the local currency. The rupee had opened at…
NEW DELHI: Crude oil prices are expected to soften significantly in 2026 and may touch $50 per barrel by June, an analysis by SBI Research showed on Monday. The deceleration is likely to be faster which could have a positive impact on inflation and growth, it added.The report said that the US Energy Information Administration…
Oil prices inched higher on the first trading day of 2026 after logging their steepest annual decline since 2020, as fresh geopolitical risks resurfaced in global energy markets.Brent crude futures rose 14 cents to $60.99 a barrel by 0146 GMT, while US West Texas Intermediate (WTI) crude gained 14 cents to $57.56 a barrel.The modest…
