Symbol: CRUDEOIL| Contract: Jun, 2019| Category: Energy
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IOC, which was the biggest Indian buyer of Iranian oil in 2018/19, has not signed an annual contract to buy oil from Iran this fiscal year.
The rupee on Monday fell sharply by 59 paise to close at nearly two-and-a-half-month-low of 70.51 against the US dollar, reported news agency Press Trust of India (PTI). The fall came due to persistent foreign fund outflows from Indian markets and renewed worries over rising crude oil prices. The domestic currency opened sharply lower at 70.16 and ...
The government's push towards electric vehicles to reduce dependence on imported oil was also not seen to bearing fruit in the near term
Oil imports from Iran in the past fiscal ended March amounted to about $9 billion, as per industry figures.
India, Iran's top oil client after China, shipped in about 277,600 barrels per day (bpd) of oil from Tehran in April
The rupee appreciated for the second straight session on Tuesday to close higher by 46 paise at 69.56 against the US dollar, reported news agency Press Trust of India (PTI). The gain came as crude oil prices retreated from six-month high levels and the greenback weakened against global rivals. At the forex market, the domestic unit opened at 69.83 ...
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