October 15, 2024 New Delhi, India Oil Prices Oil prices fell sharply in Asian trade on Tuesday, extending recent losses due to growing concerns over a potential demand slowdown. Reports that Israel will refrain from attacking Iranian oil facilities further weighed on crude prices. Key Highlights: Price Drop: Brent futures fell 3.5% to $74.59 per…
October 15, 2024 New Delhi, India USDINR The Indian Rupee (INR) edged lower against the US Dollar (USD) on Tuesday, influenced by global risk aversion. However, potential foreign fund inflows and falling oil prices may lend support to the INR, as traders eye gains in Asian markets and Wall Street’s record close. Key Factors Influencing…
October 11, 2024 New Delhi, India USDINR The Indian rupee slipped to an all-time low, breaching the 84/USD mark for the first time on Friday. Pressured by the recent spike in oil prices and the ongoing foreign institutional investor (FII) outflows from the equity markets, the rupee hit a low of ₹84.0525 before settling at…
September 23, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) continued its rally on Monday, buoyed by strong inflows of foreign funds into Indian equity markets. This positive momentum comes despite potential headwinds from rising crude oil prices and renewed US Dollar (USD) demand from importers, which may limit further upside for the…
September 19, 2024 New Delhi, India WTI Crude Oil Prices West Texas Intermediate (WTI) crude oil prices surged to a two-week high on Wednesday, nearing the $71 mark. This jump follows a recent pullback but continues the recovery from last week’s low of $64.75, the lowest level since May 2023. The Federal Reserve’s decision to…
September 18, 2024 New Delhi, India USDINR Price The Indian Rupee (INR) remained flat during early European trading on Wednesday, following a climb to a month-high of 83.75 in the previous session. Expectations of a deeper Federal Reserve (Fed) rate cut and significant US Dollar (USD) sales have put pressure on the USD/INR pair. However,…
September 17, 2024 New Delhi, India Rupee Analysis The Indian Rupee (INR) weakened in Tuesday’s Asian session, ending a three-day winning streak as strong US Dollar (USD) demand from local importers, especially oil companies, pressured the currency. With India being the world’s third-largest oil consumer, the recent rebound in crude oil prices also limited the…
August 30, 2024 New Delhi, India WTI Oil Prices West Texas Intermediate (WTI) Oil prices continue to rise, trading around $75.50 per barrel during Friday’s Asian session, driven by growing supply concerns in the Middle East. Key factors behind this increase include Libya’s halted Oil exports and Iraq’s plans to cut Oil production starting next…
August 10, 2024 New Delhi, India Oil Price Surge Oil markets experienced a significant uptick this week, with prices rising over 3% amid encouraging U.S. economic data and growing expectations of a potential Federal Reserve rate cut. The combination of these factors, along with ongoing geopolitical tensions, has provided a strong foundation for the rally,…
July 25, 2024 New Delhi, India WTI Crude Oil Price Oil prices eased on Thursday as concerns over weak demand in China, the world’s largest crude importer, and expectations of a nearing ceasefire deal in the Middle East overcame gains from the previous session after draws in U.S. inventories. Market Overview: Brent Crude and WTI…
