Crude Oil

Rupee Declines By 34 Paise Against Dollar Amid Rising Oil Prices

Business | Edited by Sandeep Singh (with inputs from agencies) | Tuesday August 20, 2019

Extending its decline for a second straight day, the rupee fell by as much as 34 paise - or 0.53 per cent - to 71.81 against the dollar on Tuesday. After opening lower against the greenback at 71.56, down 13 paise from the previous close, the rupee slumped to as much as 71.81 during the session. Rising crude oil prices along with strength in the do...

Rupee Closes At Over 6-Month Low Against Dollar: 10 Things To Know

Business | Edited By Abhishek Jejani (with inputs from PTI) | Monday August 19, 2019

The rupee fell by 29 paise to close at an over six-month low against the US dollar on Monday, news agency Press Trust of India (PTI) reported. The fall came on the back of growing worries over economic slump and sustained foreign fund outflows. The rising crude oil prices and strengthening of the greeback vis-a-vis other currencies overseas also to...

Despite Low Demand, Crude Oil Prices Seen Rising

Business | Indo-Asian News Service | Sunday August 18, 2019

Currently, the global economy is witnessing a major slowdown and economies like China, Germany and India have reported declining factory output.

Oil Prices Rise Over 1% To Break Two-Day Fall As Recession Fears Recede

Business | Thomson Reuters | Friday August 16, 2019

Gains are likely to be capped after a week of data releases including a surprise drop in industrial output growth in China to a more than 17-year low, along with a fall in exports that sent Germany's economy into reverse in the second quarter.

Rupee Off 6-Month Low, Ends At 71.27 Against Dollar: 10 Things To Know

Business | Edited by Sandeep Singh (with inputs from agencies) | Wednesday August 14, 2019

The rupee rose to end at 71.27 against the dollar on Wednesday, rebounding from a nearly six-month low registered the previous day. After opening higher against the greenback at 71.00, the rupee appreciated by as much as 55 paise during the session, before giving up most of those gains by the end of trade on Wednesday. Strength in the equity market...

Rupee Rebounds From 6-Month Low, Rises 55 Paise Against Dollar: 10 Things To Know

Business | Edited By Anshul (With inputs from agencies) | Wednesday August 14, 2019

The rupee rebounded from the six-month low and rose as much as 55 paise or 0.77 per cent against the dollar on Wednesday. Analysts say strong domestic equity markets and easing crude oil prices provided support to the home unit. At the forex market, the rupee opened higher at 71.00 against the US currency and climbed to 70.85 at the day's highest p...

Biggest Foreign Investment In Reliance History: Mukesh Ambani On New Deal

Business | Thomson Reuters | Monday August 12, 2019

Reliance Industries Ltd is set to sell a 20 per cent stake in its oil to chemicals business to Saudi Aramco in one of the largest ever foreign investments in the country, Reliance Chairman Mukesh Ambani said on Monday."(This is) the biggest foreign investment in the history of Reliance," Mr Ambani said at the company's annual general meeting in Mum...

Saudi Oil Minister Stops By, India Expresses Concern Over Strait Of Hormuz

India News | Press Trust of India | Thursday July 25, 2019

India on Thursday expressed concern over developments in the Strait of Hormuz impacting movement of crude oil and LNG tankers, and sought the world's top oil exporter Saudi Arabia's active role in keeping rates at reasonable levels.

India's Oil Output In June Falls To Lowest In Four Months

Business | Thomson Reuters | Monday July 22, 2019

Natural gas output was 1.6 per cent lower at 2.64 billion cubic metres during the same period, the data showed

Union Budget 2019: Petrol, Diesel To Be Costlier Thanks To Additional Excise And Road Cess Charges

PTI | Friday July 5, 2019

The Finance Minister raised special additional excise duty and road cess on petrol and diesel by Re 1 per litre each, saying lower crude oil prices provide her with an opportunity to review taxes on the sector.

Detention Of Tanker Loaded With Iranian Crude "Excellent News", Says US

World News | Agence France-Presse | Friday July 5, 2019

White House National Security Advisor John Bolton applauded the interception by Britain's Gibraltar Thursday of a supertanker believed to be carrying Iranian crude oil to Syria, saying the ship was breaking international sanctions.

Budget 2019: India To Become $5 Trillion Economy By 2025, Says Economic Survey

Business | Asian News International | Thursday July 4, 2019

Finance Minister Nirmala Sitharaman said global crude oil prices are expected to decline in the current financial year 2019-20

Fuel Prices Hiked For Fourth Straight Day, Check Petrol, Diesel Rates Here

Business | NDTV Profit Team | Sunday June 30, 2019

The domestic fuel prices are determined broadly by the global crude oil and rupee-dollar forex rates

Fuel Rates Hiked Across Metros, Check Petrol, Diesel Rates Here

Business | NDTV Profit Team | Thursday June 27, 2019

The domestic fuel prices are determined broadly by the global crude oil and rupee-dollar forex rates.

Petrol, Diesel Prices Raised Across Metros, Check Fuel Rates Here

Business | NDTV Profit Team | Monday June 24, 2019

The domestic fuel prices are determined broadly by the global crude oil and rupee-dollar forex rates