Symbol: CRUDEOIL| Contract: Oct, 2018| Category: Energy
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The data comes at a time the rupee hit record lows amid weakness in emerging market peers and the domestic equity markets are struggling with fund outflows. Besides, a continued surge in crude oil prices has fuelled concerns on the current account deficit among investors.
Petrol, diesel prices set fresh highs as fuel rates were increased further on Tuesday.
The rupee (INR) rose as much as 15 paise against the US dollar in early trade on Tuesday. The rupee touched 72.30 against the greenback at its peak in the first half of the session, as against Monday's close of 72.75 - an all-time closing low. Increased selling of the American currency by banks and exports along with weakness in the dollar overseas...
Petrol, diesel prices today: The drop in rupee value and rise in crude oil rates are mainly responsible for the rise in fuel prices.
Petrol and diesel prices are raised on a daily basis according to global crude oil prices and the movement of the rupee against the US dollar.
Todays Petrol, Diesel Rates, Fuel Prices, 8 September 2018: Petrol and diesel rates were further hiked across the four metro cities on Saturday after recording the steepest ever rise on Friday.
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