Rupee-US Dollar

Photo: The Indian Express

Rupee Falls By 14 Paise; All Time Low At 82.33 Against US Dollar

The rupee depreciated 16 paise to an all-time low of 82.33 against the US dollar in early trade on October 7. The constant fall in the Indian rupee, against US Dollar, and the risk-averse sentiment among investors. Moreover, a negative trend in domestic equities elevated crude oil prices. In addition,  30-share BSE Sensex was trading 111.83 points at 58,110.27, while the broader NSE Nifty fell 38.00 to 17,293.80.

Fri, 07 Oct 2022 - 04:15 PM / by Varsha Joshi

Tags: trading, US Dollar, Indian Rupee, Crude Oil, Depreciation

Rupee Against Dollar

Photo: First Post

Rupee Declines By 23 Paise, At 79.68 Against US Dollar

In early trade, the rupee fell by 23 paise against US Dollar at Rs 79.68, on August 18. Moreover, the dollar index, which gauges the greenback's strength against six currencies, rose 0.06% to 106.64, whereas, the global oil benchmark Brent crude advanced 0.14% to USD 93.78 per barrel. Meanwhile, the 30-share Sensex was trading 229.29 points at 60,030.84, the broader NSE-Nifty was down 61.15 points to 17,883.10.

Thu, 18 Aug 2022 - 02:45 PM / by Varsha Joshi

Tags: trade, US Dollar, NSE NIFTY, Sensex, Indian Rupee, Crude Oil


Photo: OrissaPOST

Sri Lanka Willing To Purchase Fuel From Russia Amid Energy Crisis

Amid the ongoing energy crisis in Sri Lanka, the island nation's Power and Energy minister Kanchana Wijesekara said that Lanka is in talks with Russia for the purchase of fuel. "We have made requests to many countries," he said. He also said that India is the only country that is currently providing a credit line to Sri Lanka. Meanwhile, Russia is selling fuel at discounted costs due to western sanctions.

Sat, 16 Jul 2022 - 05:47 PM / by Shibu Immanuel S

Tags: Sri Lanka, Energy Crisis, Economic crisis, Russia, Crude Oil

Courtesy: ANI

Crude Oil Production

Photo: Business Standard

Sale Of Domestically Produced Crude Oil To Be Deregulated: Cabinet Committee

The cabinet committee approved the deregulation of the sale of domestically produced crude oil, on June 29. The move has come with an initiative to further the growth of economic activities in the country and to incentivize making investments in the upstream oil and gas sector. The transperancy in the production and marketing of oil and gas has been brought to facilitate more operations.

Wed, 29 Jun 2022 - 08:04 PM / by Shibu Immanuel S

Tags: Oil, gas, Crude Oil, Cabinet Committee, ONGC

Courtesy: ANI

Putin and Xi

Photo: The Telegraph

Russia Becomes Largest Supplier Of Crude Oil To China Surpassing Saudi Arabia

China has seemingly started to make use of Russia's discounted crude oil prices, as Russia became China's largest supplier of oil, overtaking Saudi Arabia. Amid western sanctions against the Russian invasion of Ukraine, Russia discounted the prices of its crude oil. As per data, China has imported 8.42 million metric tons of crude oil in May, which is 55% more than the previous year.

Tue, 21 Jun 2022 - 08:20 PM / by Shibu Immanuel S

Tags: China, Russia, Western Sanctions, Crude Oil, Ukraine

Courtesy: Hindustan Times

Petrol pump

Photo: India Today

Petrol, Diesel Price Continues To Hike In Metropolitan Cities

For the 10th time in 11 days, petrol & diesel prices increased by another 80 paise, in the Indian metro cities. On April 2, the new prices in Delhi are Rs 102.61 per litre (petrol), Rs 93.87 per litre for diesel. In Mumbai, Chennai and Kolkata, petrol rates have crossed Rs 100 mark, due to fluctuation in crude oil prices. With this,  petrol's overall price increased by Rs. 7.20/litre.

Sat, 02 Apr 2022 - 11:25 AM / by Varsha Joshi

Tags: fuel prices, Petrol, Diesel, increased, Crude Oil

IndiGo airplanes

Photo: Mint

IndiGo CEO Raises Concerns Over Increased AFT Prices

With an increase in crude oil prices, IndiGo's director and CEO Ronojoy Dutta requested the central government to bring the Aviation Turbine Fuel (ATF) under the ambit of GST. He pointed out that with the ongoing war, the prices have increased to up to 50%. He further stated that an increase in fuel prices will lead to consequences on the economy and tourism sector.

Thu, 17 Mar 2022 - 02:08 PM / by Rupsa Debnath

Tags: IndiGo, CEO, GST, Crude Oil, Central Government

Courtesy: ANI

Petroleum plant

Photo: The Economic Times

Delay In Crude Oil Export From Iran Leads To Increased Global Price

The oil prices have drastically increased because of delay in return of Iranian crude oil to the global markets. However, the reason behind the hike in oil prices is due to the import bans on Russia. On March 6, talks for reviving Iran's 2015 nuclear deal with the world powers, which also included Russia, is now expecting a guarantee from the US that the trade won't be affected.

Mon, 07 Mar 2022 - 07:53 PM / by Rupsa Debnath

Tags: Iran, Crude Oil, International Oil Markets, Ukraine Russia Crisis, US President

Courtesy: India Today

V R Sharma

Photo: Mint

Crude Oil Price Hike Leads To Expensive Raw Material, Says JSPL MD

Jindal Steel and Power Ltd (JSPL) Managing Director V R Sharma stated that Crude oil is leading towards a hike in the Raw Material Prices, amid Ukraine-Russia War. ''Some oil companies are taking advantage of the situation. Respective governments across the world can keep price control as everything is run by energy,'' stated Sharma. Notably, the oil prices have hiked to 120 USD a barrel, and is expected 180 USD.

Sun, 06 Mar 2022 - 07:50 PM / by Shaloo Priya

Tags: business, Crude Oil, Price Hike, V R Sharma, JINDAL STEEL AND POWER

Courtesy: The Economic Times

Crude oil

Photo: Economic Times

Fuel Prices Likely To Drop As Centre Decides To Release Crude Oil From Its Reserves

The Centre has agreed to release 50 lakh barrels of crude oil from its Strategic Petroleum Reserves, which might lead to a further decline in gasoline prices in the coming days. The decision was made after Hardeep Singh Puri, Minister of Petroleum and Natural Gas, met with top ministry officials and executives from oil marketing corporations. Besides, the U.S also contacted India to surrender its petroleum reserves to reduce crude oil prices… read-more

Tue, 23 Nov 2021 - 08:09 PM / by SAM RAHUL RAJASHEKHAR

Tags: Crude Oil, India, business, America, Hardeep Singh Puri

Courtesy: India TV