Mumbai: The outcome of Assembly elections in five states, along with fears over an escalation in US-China trade war and volatility in crude oil prices, are expected to determine the trajectory of the key Indian equity indices next week. Market observers opined that the direction of foreign fund flows in[Read More…]
Tag: oil prices
Oil prices dent rupee; falls below 73/$
Mumbai: High crude oil prices and fears over a hike in key domestic lending rates pulled the Indian rupee to a new record low of over 73 per US dollar on Wednesday. The Indian rupee opened at a record low of 73.25 per US dollar surpassing the previous low of[Read More…]
Fuel prices hit record high for 10th consecutive day
The prices of petrol and diesel, already at unprecedented levels in the country, rose for the 10th consecutive day on Tuesday, even as analysts said the dual impact of rising oil prices and depreciating rupee increases regulatory risks for state-run oil and gas firms. In the national capital, petrol was[Read More…]
Rupee opens lifetime low at 70.82, falls 23 paisa against US dollar
Indian Rupee continued its free fall on Thursday August 30. The currency weekend by another 23 paise against the dollar to trade at a life-time low of 70.82 on strong month-end demand for the US currency amid sustained foreign fund outflows. At the Interbank Foreign Exchange (Forex) market, the local currency opened a tad[Read More…]
Fund outflows, oil prices weaken rupee to 68.43 against USD
Mumbai: High crude oil prices along with a persistent outflow of foreign funds from the country’s equity and debt markets and formation of a non-BJP government in Karnataka weakened the Indian rupee to 68.43 per US dollar. Consequently, the Indian rupee weakened by 38 paise against the US dollar to[Read More…]
Exclusive: If oil prices go up, big risk for India: SEBI member
Maintaining a healthy fiscal deficit will be paramount for the Indian economy, SEBI whole-time member G Mahalingam said exclusively to Newsd on Tuesday. Fiscal deficit is the gap between a country’s total revenue and total expenditure. While speaking to Group Editor of Newsd, Shutapa Paul, Mahalingam professed concern over rising[Read More…]