New Delhi, July 27 (IANS) Global crude oil prices witnessed heavy selling pressure on Monday, with key oil benchmarks plunging up to 7 per cent after the United States and Iran paused military strikes over the weekend.International benchmark Brent crude fell more than 7 per cent or about $7 to hover around the $91-a-barrel mark.On the other hand, US West Texas Intermediate (WTI) crude also declined over 7 per cent, shedding around $6.4 to trade below $85 a barrel.The sharp decline came after Ira…
Latest Indian Rupee News & Updates
New Delhi, July 22 (IANS) Singapore Airlines (SIA) has said it is seeing “tangible progress” in Air India’s transformation and the Indian carrier continues to be a key part of its long-term multi-hub strategy despite the challenges that the Tata Group airline was facing.The airline made the remarks while responding to shareholder and investor queries ahead of its annual general meeting (AGM) scheduled for July 24.Responding to the query, SIA said it had undertaken a formal impairment assessment …
New Delhi, July 17 (IANS) The Indian rupee snapped its three-day losing streak on Friday, opening 4 paise higher at 96.31 against the US dollar aided by a weaker greenback.The domestic currency had settled at 96.35 in the previous session.The recovery in the rupee came after the dollar index, which measures the US currency against a basket of six major peers, slipped to a one-month low.The dollar index steadied around 100.7 but remained on track for a weekly decline after softer-than-expected US…
New Delhi, July 8 (IANS) India’s macro backdrop has improved as falling oil prices and a June foreign exchange package have eased financial conditions and prompted inflows, a report said on Wednesday.Foreign investors signalled growing confidence, with $6.4 billion of bond inflows since early June and equities flows turning slightly positive in the past fortnight, the report from HSBC Global Investment Research.The firm forecasted that a balance of payment surplus and improved sentiment could …
New Delhi, July 8 (IANS) Global crude oil prices surged more than 6 per cent on Wednesday after US President Donald Trump said the ceasefire between Washington and Tehran was effectively over following a fresh round of American military strikes on Iran, intensifying concerns over energy supplies from West Asia.International oil benchmark Brent crude climbed as much as 6.52 per cent or $4.69 to trade near $80 a barrel. Similarly, US benchmark West Texas Intermediate (WTI) advanced more than 6 per…
Mumbai, July 5 (IANS) The Indian stock market is expected to take cues from the start of the June quarter earnings season, global geopolitical developments, crude oil price movement, foreign investor activity and currency trends in the coming week. After extending gains for a third consecutive session on Friday, benchmark indices will also be closely watched for their response to domestic macroeconomic indicators and global market sentiment.Indian benchmark indices ended higher for the third str…
Mumbai, June 29 (IANS) India’s external debt stood at $762.8 billion at end-March 2026, an increase of $26.3 billion over its level at end-March 2025, according to data released by the Reserve Bank of India (RBI) on Monday. The external debt to GDP ratio increased to 20.8 per cent at end-March 2026 from 19.8 per cent at end-March 2025.Outstanding debt of the government decreased, while non-government debt increased at end-March 2026 over the level a year ago, according to an RBI statement.Debt s…
New Delhi, June 29 (IANS) Gold and silver prices traded lower on Monday, with the yellow metal slipping below the Rs 1.44 lakh mark and the white metal hovering near Rs 2.23 lakh amid weak global cues.On the Multi Commodity Exchange (MCX), gold futures (August) opened at Rs 1,44,180 per 10 grams, marginally higher than the previous close of Rs 1,44,162. However, selling pressure emerged later.At around 10 am, the yellow metal was trading at Rs 1,43,470, down Rs 692 or 0.48 per cent. So far in th…
Mumbai, June 28 (IANS) After ending the holiday-shortened week on a positive note, Dalal Street is likely to take cues from progress in the proposed India-US trade agreement, developments in the Middle East conflict, crude oil prices and foreign investor activity in the coming week. Lower oil prices and improving risk sentiment helped benchmark indices post modest gains during the last week.For the week, the Sensex advanced 0.39 per cent to close at 77,100.47, while the Nifty gained 0.18 per cen…
Mumbai, June 23 (IANS) The Reserve Bank of India (RBI) on Tuesday issued clarifications on the operational aspects of Foreign Currency Non-Resident Bank (FCNR-B) deposits, addressing queries raised by banks regarding the mobilisation of such deposits and related lending activities. The clarification is expected to encourage greater inflows through the FCNR-B route, which could provide support to the rupee in the near term.According to a document released by the central bank, all Indian banks, in…