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 US WTI News & Updates
Mumbai, March 30 (IANS) Domestic benchmark indices opened sharply lower on Monday, declining over 1 per cent each amid escalating tensions in West Asia, which entered the fifth week.Sensex opened at 72,565, down over 1,000 points or 1.38 per cent, while Nifty started Monday’s session at 22,549, slipping 267 points or around 1 per cent.Sector-wise, market witnessed widespread selling pressure, with all sectoral indices trading in the red. PSU bank and chemical stocks led the losses, falling nea…
New Delhi, March 27 (IANS) As the Centre slashed excise duties on petrol and diesel by Rs 10 per litre each, bringing them down to Rs 3 per litre for petrol and zero for diesel, in a move aimed at cushioning the impact of surging global oil prices, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Friday said the Modi government had two choices — either increase prices drastically for citizens as all other nations have done, or bear the brunt on its finances so that an Indians …