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January 2, 2024 New Delhi, India India’s December Sokol Crude Imports Plummet Amid Payment Challenges In a noteworthy development, India experienced a significant decline in crude oil imports from Russia in December, marking the lowest levels since January 2023. The slump is primarily attributed to payment issues surrounding the Sokol grade crude, as reported by…
December 19, 2023 New Delhi, India Indian Oil Stocks Rally Following Government’s Tax Cut and Global Crude Surge In a recent turn of events, Indian oil stocks witnessed a significant upswing as the government announced a reduction in the windfall profit tax on crude oil production and diesel exports. Here’s a closer look at the…
New Delhi, India September 26, 2023 USDINR : The Indian Rupee may face continued pressure as it weakened by 0.26% against the U.S. dollar in the previous session, quoting at 83.14 per dollar. Elevated U.S. Treasury yields and higher crude oil prices could contribute to further depreciation. The day’s trading range for USDINR included a…
Date- September 7, 2023 Place- New Delhi, India In the constantly evolving realm of the oil market, Western Texas Intermediate (WTI) crude oil is presently maintaining its position at approximately $87 per barrel. Vigilant market participants are closely monitoring several influential factors shaping the trajectory of this essential commodity. Below is an exhaustive review of…
November 14, 2024 New Delhi, India USDINR Analysis Rupee (INR) is trading near its all-time low on Thursday despite an uptick in Wholesale Price Index (WPI) inflation. According to official data, India’s WPI-based inflation rose to 2.36% year-on-year (YoY) in October, up from 1.84% in the previous month, surpassing the market consensus of 2.20%. Factors…
November 13, 2024 New Delhi, India Stock Market Highlights Markets experienced a significant downturn on Wednesday, with the BSE Sensex and NSE Nifty50 indices closing sharply lower. A rise in October retail inflation dampened hopes for a rate cut by the Reserve Bank of India (RBI) next month, triggering a bearish sentiment among investors. Key Market Indices Performance Sensex: Closed…
November 12, 2024 New Delhi, India USDINR Today Rupee (INR) struggled to stabilize on Tuesday, hovering close to its all-time low of 84.38. The local currency faces ongoing pressure due to significant foreign fund outflows and increasing demand for the US Dollar (USD), particularly from oil companies and foreign banks. Key Factors Influencing INR: Foreign…
November 11, 2024 New Delhi, India USDINR Analysis On Friday, the Indian Rupee (INR) lost momentum against the US Dollar (USD), driven by increased demand from importers related to month-end payments. Additionally, the unwinding of long positions in the currency market contributed to the INR’s softer stance. Despite this downturn, factors such as a decline…
October 30, 2024 New Delhi, India USDINR Rupee (INR) weakened on Wednesday, facing downward pressure due to rising US Treasury bond yields and foreign outflows from Indian stocks. These factors have contributed to a sell-off in INR, despite the Reserve Bank of India’s (RBI) regular intervention to curb depreciation. Oil Prices and Market Outlook Crude…
October 29, 2024 New Delhi, India USDINR Today INR Performance and Influences The Indian Rupee (INR) softened on Tuesday, facing downward pressure from: Foreign Outflows: Significant withdrawals by foreign institutional investors (FIIs) from Indian equities and bonds, totaling $10 billion in October. US Bond Yields: Higher yields fueled by investor bets on Donald Trump’s potential…
