New Delhi, April 2 (IANS) The Indian rupee posted its biggest single-day gain in more than 12 years on Thursday as authorities intensified their crackdown on currency speculation by extending curbs to offshore derivatives markets, days after tightening limits on banks’ local positions.The currency strengthened as much as 1.7 per cent to 93.25 against the dollar — its sharpest rise since September 2013 — as trading resumed after a three-day holiday break.The rally came despite broad weakness ac…
Latest Global Crude Prices News & Updates
New Delhi, March 27 (IANS) Amid rising crude prices and mounting pressure on oil retailers, the Centre’s Rs 10 per litre excise duty cut on petrol and diesel signals both near-term relief for consumers and a potential impact on one of its key revenue streams. Under the revised rates, excise duty on petrol has been reduced to Rs 3 per litre, while diesel has effectively been exempted.The decision comes against the backdrop of elevated global crude oil prices due to the ongoing West Asia conflic…
Jaipur, March 27 (IANS) Rajasthan Chief Minister Bhajanlal Sharma on Friday lauded the Centre’s decision to sharply reduce excise duty on petrol and diesel, calling it a major relief measure for citizens amid global uncertainties.Praising Prime Minister Narendra Modi’s leadership, CM Sharma said the move reflects decisive governance in challenging times.“In this era of global challenges, the leadership of Prime Minister Narendra Modi is proving to be a protective shield for the country,”…