crude oil prices

Rupee tumbles by 25 paise to 74.93 on dollar buying by banks

8:03 pm July 7, 2020

Mumbai: The rupee declined by 25 paise to end at 74.93 against the US currency on Tuesday due to dollar buying by foreign banks and gains in the greenback in overseas markets. Forex traders said foreign fund inflows and easing crude oil prices supported the rupee while factors like strong dollar and rising COVID-19 cases […]

Tanker's impossible voyage signals new sanction evasion ploy

Oil prices collapse on storage fears, Asia equities mixed

3:32 pm April 20, 2020

Hong Kong: Oil prices collapsed to more than two-decade lows Monday as traders grow concerned that storage facilities are reaching their limits, while equities were mixed, with some support coming from signs that the coronavirus may have peaked in Europe and the United States. US crude benchmark West Texas Intermediate briefly plunged almost 20 percent […]

Rupee settles flat at 71.33 against US dollar

8:15 pm February 13, 2020

Mumbai: The rupee on Thursday settled flat at 71.33 (provisional) against the US dollar after weak macro-economic data disappointed market participants. Forex traders said disappointing macro economic numbers and weak domestic equities weighed on the local unit, while easing crude oil prices and weakening of the American currency in the overseas market restricted the fall […]

Rupee settles 3 paise down at 71.35 against US dollar

6:42 pm February 3, 2020

Mumbai: The rupee pared early losses to settle 3 paise down at 71.35 against the US dollar on Monday, tracking recovery in domestic equities and easing crude oil prices. Besides, the domestic unit weakened amid concerns of fiscal slippage and rising coronavirus outbreak fears, forex traders said. The next trigger for the currency will be […]

Rupee slips 16 paise to 71.38 against US dollar

7:07 pm January 2, 2020

Mumbai: The Indian rupee lost 16 paise to close at 71.38 against the US dollar on Thursday amid steady rise in crude oil prices and strengthening of the greenback overseas. Forex traders said the rupee is trading in a narrow range amid lack of directional cues from the global market. At the interbank foreign exchange […]

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