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New Delhi, Dec 16 (PTI) Crude oil prices fell Rs 39 to Rs 5,103 per barrel in the futures trade on Tuesday amid weak global cues, as optimism over a possible Russia-Ukraine peace deal fuelled concerns about additional supplies returning to the market. On the Multi Commodity Exchange (MCX), crude oil futures for December delivery decreased by Rs 39, or 0.76 per cent, to Rs 5,103 per barrel in a business turnover of 9,363 lots. Similarly, the January contract declined Rs 44, or 0.85 per cent, to ...Read More >
The Indian Rupee weakened against the US Dollar today. Month-end import demand and higher global crude oil prices are impacting the currency. Investors are awaiting the Federal Reserve's policy decision for further direction. Meanwhile, Indian equity markets showed gains in early trade. Crude oil imports from the United States have seen a significant increase. The rupee depreciated 21 paise to 88.40 against the US dollar in early trade on Tuesday, weighed down by month-end dollar demand from im ...Read More >
India faces a dilemma: Should it continue buying Russian oil one way or another, or cease its imports altogether? For sure, the US has no right to dictate how two sovereign nations conduct their bilateral trade. While Russian companies have been sanctioned by the US, Moscow has no intention of stopping its oil exports. It is for the importing countries, such as India and China, to decide whether they are willing to risk potential secondary sanctions from the US for doing business with the sancti ...Read More >
NEW DELHI: As trade pact negotiations gain traction, India is pressing for a fair deal and clearer signals from Washington on sanctions related to Russian oil. In a key meeting India's Ambassador to the US, Vinay Mohan Kwatra, met US Deputy Secretary of Energy James Danly to review the India-US energy security partnership and recent trends in bilateral energy trade. Sources said the talks also touched on how impending US sanctions could affect global oil flows, even as supplies remain stable. " ...Read More >
(Reuters) -U.S. trade negotiators have told their Indian counterparts that curbing purchases of Russian oil is crucial to reducing India's tariff rate and sealing a trade deal, two people familiar with the talks told Reuters. While trade negotiations are on a positive track, a U.S. official said, more work is needed to ensure India addresses U.S. concerns over market access, the trade deficit and purchases of Russian oil. U.S. President Donald Trump has sought to pressure India, the European U ...Read More >
Sept 26 (Reuters) - U.S. trade negotiators have told their Indian counterparts that curbing purchases of Russian oil is crucial to reducing India's tariff rate and sealing a trade deal, two people familiar with the talks told Reuters. While trade negotiations are on a positive track, a U.S. official said, more work is needed to ensure India addresses U.S. concerns over market access, the trade deficit and purchases of Russian oil. U.S. President Donald Trump has sought to pressure India, the E ...Read More >
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