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Indian Oil Corporation Ltd (IOCL) said that the country’s refineries are capable of processing Venezuelan crude if supplies resume. “If at all things start settling down, if at all a lot of crude starts coming out of Venezuela, then can’t we import oil from Venezuela?” he said.The executive further added that the company, used to…
Rupee began the week in red, falling 5 paise to 90.23 against the US dollar in early Monday trade, weighed down by rising crude oil prices and persistent outflows from foreign investors. Traders said that ongoing geopolitical tensions and worries over potential US tariffs on Indian exports led foreign institutional investors to offload domestic equities….
The rupee weakened by 7 paise to close at 89.94 (provisional) against the US dollar on Thursday, pressured by higher crude oil prices, sustained foreign fund outflows and a firmer greenback, PTI reported.Forex traders said the local unit also faced headwinds from renewed concerns over potential US tariff action and weak sentiment in domestic equities….
Rupee on Tuesday rose 3 paise to 89.95 against the US dollar in early trade supported by a weaker greenback and strong industrial output data. However, foreign fund outflows, marginally higher crude oil prices and a weak start in domestic equities limited sharper gains, forex traders said. RBI Slashes Rates After Rupee Fall, Boosts Liquidity…
Asian shares traded mixed on Wednesday, with strong buying in technology stocks supporting some benchmarks, while oil prices surged more than 1% after US President Donald Trump ordered a blockade of all “sanctioned oil tankers” entering and leaving Venezuela.Trump’s move followed last week’s seizure of an oil tanker off Venezuela’s coast by US forces, an…
The rupee pulled back from its weakest-ever level on Thursday, ending the day at 89.96 against the US dollar, a gain of 19 paise, as a softer dollar index and reports of the Reserve Bank of India’s intervention helped steady the currency. Traders said the US dollar lost ground after ADP non-farm payroll numbers came…
The rupee plunged to a historic low on Wednesday, slipping past the 90-per-dollar threshold for the first time amid foreign fund outflows, firm crude oil prices and uncertainty around the India–US trade deal, according to PTI. The lack of visible RBI intervention through most of the session added to market pressure, forex traders said.At the…
