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Mumbai, Oct 20: The rupee rose 9 paise to close at 87.93 (provisional) against the US dollar on Monday, supported by foreign fund inflows and lower crude oil prices. Positive sentiments in the domestic equity markets lent further support to the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 87.94 against the US dollar and traded in the range of 87.74-87.94 during the day before settling at 87.93 (provisional), higher by 9 paise against its previo ...Read More >
Globally, developments around proposed US tariffs on China, along with movements in crude oil prices and currency trends, will play a key role in shaping risk appetite and investor positioning, Mishra added.Source : ABPLIVE AI The Indian benchmark indices saw significant gains during early trade on Monday morning on account of Diwali as the Sensex opened 498 points higher at 84,451.11, and the Nifty opened higher by more than 190 points, at 25,899.90. In the pre-open session, at 9:03 AM, the S ...Read More >
Mumbai (Maharashtra) [India], October 20 (ANI): The Indian stock market on Monday ended in green territory after trading higher, driven by upbeat quarterly results from top lenders in the financial sector and a rebound in global risk appetite following signs of easing US-China trade tensions. At the end of the trading session today, BSE Sensex settled at 84,363.37, rising 411.18 points or 0.49 per cent while NSE Nifty50 stood at 25,843.15, up by 133.3 points or 0.52 per cent. In today's trade, ...Read More >
Mumbai, Oct 20 (PTI) The rupee rose 9 paise to close at 87.93 (provisional) against the US dollar on Monday, supported by foreign fund inflows and lower crude oil prices. Positive sentiments in the domestic equity markets lent further support to the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 87.94 against the US dollar and traded in the range of 87.74-87.94 during the day before settling at 87.93 (provisional), higher by 9 paise against its p ...Read More >
By Jarrett Renshaw and Nidhi Verma WASHINGTON/NEW DELHI (Reuters) -India has halved its purchases of Russian oil, a White House official said, but Indian sources said no immediate reduction had been seen, as President Donald Trump's administration presses New Delhi and other nations to buy less Russian crude. Russian oil is a main irritant for Trump in prolonged trade talks with India - half of his 50% tariffs on Indian goods are in retaliation for those purchases. His administration says Mosc ...Read More >
Indian stock markets, Sensex and Nifty, recovered from an early dip on Friday. Foreign fund inflows and anticipation of US Federal Reserve rate cuts boosted investor sentiment. Asian Paints, Mahindra & Mahindra, and Bharti Airtel were among the top gainers. This rebound follows strong performance on Thursday, driven by positive economic outlook and global factors. Mumbai, Equity benchmark indices Sensex and Nifty bounced back after starting the trade on a weak note on Friday, helped by foreign ...Read More >
Kedia Advisory - Crude oil yesterday settled lower by 1.68% at 5,145 as investors reacted to concerns over a potential supply surplus and renewed trade tensions between the U.S. and China. The International Energy Agency (IEA) forecasted that the global oil market could face a surplus of up to 4 million barrels per day in 2026, significantly higher than earlier estimates, amid rising output from OPEC+ and sluggish demand growth. The ongoing U.S.-China trade dispute, with both nations imposing ne ...Read More >
New Delhi: The United States has long been pressuring India to stop purchasing Russian oil. The Donald Trump-led administration has even imposed a 50 per cent tariff on India. Trump has also consistently claimed that India could soon stop buying Russian oil. On Wednesday, October 15, he even said that Prime Minister Narendra Modi had personally agreed to stop these purchases "in a short time." Russian Ambassador to India Denis Alipov stated that Russian oil is "very beneficial to the Indian eco ...Read More >
Mumbai, Oct 17 (PTI) Reliance Industries Ltd (RIL) on Friday reported a 9.6 per cent year-on-year rise in net profit for the September quarter, driven by strong performance in its consumer-facing retail and telecom businesses and a recovery in its core oil-to-chemicals segment. However, higher inventory losses weighed on overall earnings, leading to a sequential decline compared to the previous quarter. The oil-to-retail conglomerate posted a consolidated net profit of Rs 18,165 crore in July- ...Read More >
The Indian rupee has made a strong recovery against the US dollar. This rebound comes after the US Federal Reserve signaled potential rate cuts. Falling crude oil prices and intervention by the Reserve Bank of India also supported the rupee. The dollar index has eased, boosting investor confidence in the domestic currency. Stock markets are also showing gains. The rupee recovered 88 paise from its all-time closing low to 87.93 against US dollar in early trade on Wednesday, on easing dollar inde ...Read More >
Mumbai: The rupee appreciated 21 paise to 87.75 against the US dollar in early trade on Friday, supported by a softer American currency against major currencies and likely intervention by the Reserve Bank of India.Forex traders said renewed foreign fund inflows and lower crude oil prices boosted investor sentiment further. At the interbank foreign exchange market, the rupee opened at 87.91 and then gained ground and touched an early high of 87.75 against the US dollar, registering a gain of 21 ...Read More >
NEW YORK (Reuters) -Oil prices were stable on Thursday as traders prepared for a potential halt to India's Russian oil imports, which could reshape flows and boost demand for supplies from elsewhere. Brent crude futures were down 28 cents, or 0.45%, to $61.63 a barrel at 12:40 p.m. EDT (1640 GMT). U.S. West Texas Intermediate futures were down 19 cents, or 0.33%, to $58.08. U.S. President Donald Trump said Prime Minister Narendra Modi had pledged on Wednesday that India would stop buying from ...Read More >
NEW DELHI (Reuters) -Western powers have ramped up pressure on Russia's oil sales amid its war with Ukraine as U.S. President Donald Trump said India would stop buying and Britain imposed sanctions on top Russian oil firms. Ukrainian President Volodymyr Zelenskiy is schedule to meet Trump in Washington on Friday to push for military and energy support at a time when Kyiv and Moscow are escalating the war with attacks on energy infrastructure. Indian officials are also in Washington for trade t ...Read More >
NEW DELHI (Reuters) -Some Indian refiners are preparing to cut Russian oil imports, three sources told Reuters on Thursday, after U.S. President Donald Trump said India had given an assurance it would stop its buying to help end the war in Ukraine. India and China are the biggest buyers of Russian sea-borne crude, taking advantage of discounted prices Russia was forced to offer after losing sales to Europe following Moscow's invasion of Ukraine in 2022. Indian refiners are preparing to shift a ...Read More >
NEW DELHI - Some Indian refiners are preparing to cut Russian oil imports, three sources told Reuters on Thursday, after U.S. President Donald Trump said India had given an assurance it would stop its buying to help end the war in Ukraine. India and China are the biggest buyers of Russian sea-borne crude, taking advantage of discounted prices Russia was forced to offer after losing sales to Europe following Moscow's invasion of Ukraine in 2022. Indian refiners are preparing to shift away from ...Read More >
NEW DELHI: Global crude oil prices rebounded from a five-month low after US President Donald Trump said Indian Prime Minister Narendra Modi had promised to halt purchases of Russian barrels -- a move that could tighten global supply. Speaking to reporters at the White House, Trump said, "So I was not happy that India was buying oil, and he (Prime Minister Narendra Modi) assured me today that they will not be buying oil from Russia. That's a big step. Now we're going to get China to do the same ...Read More >
Mumbai: The Indian rupee made a sharp recovery against the US dollar on Wednesday, climbing up from its all-time closing low just a day earlier. It opened at Rs 88.74 and later touched Rs 87.93, its highest level in almost a month. This marks an impressive 88 paise gain from Tuesday's close of Rs 88.81. By the end of the trading session, the rupee was around Rs 88.32, up 0.5 percent. Why Did the Rupee Strengthen? One of the biggest reasons behind the rupee's comeback is the weakening of the US ...Read More >
New Delhi, Oct 16 (SocialNews.XYZ) India has made it clear that the country's import policy for oil and gas is guided entirely by the interests of the Indian consumers amid a volatile global energy market. The statement was issued hours after US President Donald Trump said that Prime Minister Narendra Modi has assured him that India will reduce purchases of Russian crude oil. "India is a significant importer of oil and gas. It has been our consistent priority to safeguard the interests of the ...Read More >
Mumbai, Oct 16 (PTI) The rupee appreciated 40 paise to 87.68 against the US dollar in early trade on Thursday, primarily driven by central bank intervention, a softer dollar index. Forex traders said other supportive factors like positive domestic equities, lower crude oil prices and renewed foreign fund inflows also boosted investor sentiments. At the interbank foreign exchange market, the rupee opened at 87.76 and then gained ground and touched an early high of 87.68 against the US dollar, r ...Read More >
Mumbai, Oct 9 (PTI) The rupee traded with a slight negative bias and hovered near its all-time low levels before settling for the day at 88.79 against the US dollar, lower by 4 paise on Thursday, as strong greenback demand and ongoing trade tensions between India and the US weighed on investor sentiments. Forex traders said the USD/INR pair is trading in a tight range as absence of economic data from US amid the government shutdown may also lead to consolidation. At the interbank foreign excha ...Read More >
New Delhi, Oct 1 (PTI) The rupee recovered 12 paise from its all-time closing low to settle at 88.68 (provisional) against US dollar on Wednesday, as the Central Bank in its monetary policy decision announced a host of measures to support exporters and bring stability to the domestic unit. Forex traders said the rupee advanced against the US dollar as the Reserve Bank of India (RBI) left the repo rate unchanged at 5.5 per cent and maintained a neutral stance in its fourth Monetary Policy of FY2 ...Read More >
New Delhi: Aviation Turbine Fuel (ATF) prices were hiked by over 3 per cent and commercial LPG rates by Rs 15.50 per cylinder on Wednesday as oil firms revised fuel prices in line with global benchmarks. Jet fuel (ATF) price was increased by Rs 3,052.5 per kilolitre, or 3.3 per cent, to Rs 93,766.02 per kl in the national capital - home to one of the busiest airports in the country, according to state-owned fuel retailers. The increase comes on the back of a 1.4 per cent (Rs 1,308.41 per kl) re ...Read More >
New Delhi | Aviation Turbine Fuel (ATF) prices were hiked by over 3 per cent and commercial LPG rates by Rs 15.50 per cylinder on Wednesday as oil firms revised fuel prices in line with global benchmarks. Jet fuel (ATF) price was increased by Rs 3,052.5 per kilolitre, or 3.3 per cent, to Rs 93,766.02 per kl in the national capital - home to one of the busiest airports in the country, according to state-owned fuel retailers. The increase comes on the back of a 1.4 per cent (Rs 1,308.41 per kl) ...Read More >
The rupee rose 3 paise to 88.72 against the US dollar, buoyed by falling crude oil prices and positive domestic equity markets, though FII outflows limited sharper gains. Markets are now awaiting the RBI's policy decision on Wednesday, amidst geopolitical tensions and the US imposing 100% tariffs on Indian branded drugs, with exemptions for US-based manufacturing. The rupee rose 3 paise to 88.72 against the US dollar in early trade on Tuesday on the back of a fall in crude oil prices and positi ...Read More >
New Delhi: Gold prices on Tuesday climbed Rs 500 to touch record Rs 1.20 lakh per 10 grams in the national capital due to a weak dollar and expectations of further rate cuts by the US Federal Reserve. The silver prices increa-sed by Rs 500 to hit a new peak of Rs 1,50,500 per kilogram on Tuesday. It had surged Rs 7,000 to hit a fresh peak of Rs 1,50,000 per kg on Monday. According to All India Sarafa Association, the gold had rallied Rs 1,500 to close at Rs 1,19,500 per 10 grams on Monday. Gol ...Read More >
Mumbai: The Indian rupee slipped to a fresh historic low of 88.79 (provisional) against the US dollar on Tuesday, pressured by continued foreign capital outflows and growing concerns over global trade tensions. At the interbank foreign exchange market, the rupee opened at 88.73 and traded in a tight range between 88.69 and 88.80 before settling at 88.79. This marked a 4 paise drop from the previous closing rate. On Monday, the rupee had already ended lower by 3 paise at 88.75 per dollar. Accor ...Read More >
Mumbai, Sep 30 (PTI) The rupee fell 4 paise to an all-time low of 88.79 (provisional) against the US dollar on Tuesday, pressured by sustained foreign capital outflows amid global trade uncertainties. However, a steep fall in global crude oil prices, along with a weaker greenback, prevented a sharp decline in the local unit, according to forex traders. The markets are also awaiting the Reserve Bank of India's (RBI's) Monetary Policy Committee decision, which will be announced on Wednesday. At ...Read More >
Mumbai, Sep 29 (PTI) Rupee consolidated in a narrow range and settled for the day lower by 3 paise at 88.75 against the US dollar on Monday, on persistent foreign capital outflows and rise in risk-off sentiments. Forex traders said rupee is hovering near its all-time low level as investors remained concerned over global trade uncertainties and impact of US visa fee hike on India's IT services exports. Moreover, the Reserve Bank of India (RBI) policy meeting outcome on October 1, is expected to ...Read More >
Mumbai, Sep 29 (PTI) Rupee consolidated in a narrow range and settled for the day lower by 7 paise at its all-time closing low of 88.79 (provisional) against US dollar on Monday, on persistent foreign capital outflows and rise in risk-off sentiments. Forex traders said rupee is hovering near its all-time low level as investors remained concerned over global trade uncertainties and impact of US visa fee hike on India's IT services exports. Moreover, the Reserve Bank of India (RBI) policy meetin ...Read More >
Indian officials have again told the Trump administration that a significant reduction in Russian oil imports by the South Asian nation's refiners would require Washington to instead allow crude purchases from sanctioned suppliers Iran and Venezuela. A delegation visiting the US this week reiterated the request in meetings with American officials, a person with knowledge of the discussions said, asking not to be identified as the talks are private. Indian representatives have emphasized that si ...Read More >
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