Crude Oil Reserves

Oil prices inched lower on Wednesday on concerns of another U.S. Federal Reserve interest rate hike next week after consumer prices unexpectedly rose in August, outweighing support from a robust OPEC oil demand growth forecast.

India's foreign exchange reserves slumped by over $2 billion in the week ending August 12, as the Reserve Bank of India intervened to shore up the rupee and keep the currency below 80 per dollar.

Oil prices fell on Tuesday, taking a breather after surging more than $5 a barrel in the previous session as a plunging dollar supported buying interest and on expectations the U.S. Federal Reserve's interest rate hike may be less than thought.

Major U.S. stock indexes ended down slightly Wednesday, losing early gains tied to remarks by Federal Reserve Chair Jerome Powell that the U.S. central bank is "strongly committed" to bringing down inflation, while sharply lower oil prices weighed on energy shares.

Oil prices dropped on Wednesday on worries over fuel demand ahead of a US Federal Reserve meeting which is expected to see the central bank to hike rates by at least 75 basis points to combat inflation.

India's foreign exchange (FX) reserves rose by about $3.9 billion to over $600 billion in the week that ended on May 27, providing relief for a country when its largest import, crude oil, remains elevated.

The group's members have become worried that U.S. President Joe Biden is using the Strategic Petroleum Reserve (SPR) to tamp down rampant domestic inflation for political reasons, instead of protecting consumer countries from a global supply disruption, according to the sources who declined to be identified because of the sensitivity of the topic.

Prices fell after Federal Reserve Chairman Jerome Powell warned the economy could be hurt by attempts to reduce inflation.

The RBI has increased the repo rate upto 4.40 per cent from 4 per cent earlier while the cash reserve ratio (CRR) has been hiked by 50 basis points to 4.5 per cent

Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday made a surprise announcement of hiking repo rates by 40 basis points to 4.40 per cent.He cited rising inflation, geo-political tensions and spiralling commodity prices as the main reason behind the move, which was decided in an off-cycle meeting of the monetary policy committee held ...

The RBI on Wednesday raised its key lending rate by 40 basis points to 4.40 per cent with immediate effect. The central bank also hiked the cash reserve ratio by 50 basis points. The decision was taken by the monetary policy committee (MPC) in an off-cycle meeting with the central board held May 2-4.

Oil prices fell about 4% on Monday, with Brent crude tumbling below $100 a barrel on worries that the COVID-19 pandemic will cut demand in China and as International Energy Agency (IEA) countries plan to release record volumes of oil from strategic stocks.

The rupee extended its losses on Wednesday as the dollar strengthened after Federal Reserve Governor Lael Brainard said the US central bank needs to act and take inflation head-on.

Inflation has surged sharply in March, according to the latest data from India, the United Kingdom and the United States, but that does not reflect the full impact of the ongoing Russia-Ukraine war, suggesting that the risks are skewed more to the upside for price pressures globally.

The rupee fell for the second straight session on Tuesday, tracking a decline in equities ahead of inflation data from the US and at home as investors wait to see the impact of the Russia-Ukraine war on domestic price pressures.

Oil prices inched lower on Wednesday on concerns of another U.S. Federal Reserve interest rate hike next week after consumer prices unexpectedly rose in August, outweighing support from a robust OPEC oil demand growth forecast.

India's foreign exchange reserves slumped by over $2 billion in the week ending August 12, as the Reserve Bank of India intervened to shore up the rupee and keep the currency below 80 per dollar.

Oil prices fell on Tuesday, taking a breather after surging more than $5 a barrel in the previous session as a plunging dollar supported buying interest and on expectations the U.S. Federal Reserve's interest rate hike may be less than thought.

Major U.S. stock indexes ended down slightly Wednesday, losing early gains tied to remarks by Federal Reserve Chair Jerome Powell that the U.S. central bank is "strongly committed" to bringing down inflation, while sharply lower oil prices weighed on energy shares.

Oil prices dropped on Wednesday on worries over fuel demand ahead of a US Federal Reserve meeting which is expected to see the central bank to hike rates by at least 75 basis points to combat inflation.

India's foreign exchange (FX) reserves rose by about $3.9 billion to over $600 billion in the week that ended on May 27, providing relief for a country when its largest import, crude oil, remains elevated.

The group's members have become worried that U.S. President Joe Biden is using the Strategic Petroleum Reserve (SPR) to tamp down rampant domestic inflation for political reasons, instead of protecting consumer countries from a global supply disruption, according to the sources who declined to be identified because of the sensitivity of the topic.

Prices fell after Federal Reserve Chairman Jerome Powell warned the economy could be hurt by attempts to reduce inflation.

The RBI has increased the repo rate upto 4.40 per cent from 4 per cent earlier while the cash reserve ratio (CRR) has been hiked by 50 basis points to 4.5 per cent

Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday made a surprise announcement of hiking repo rates by 40 basis points to 4.40 per cent.He cited rising inflation, geo-political tensions and spiralling commodity prices as the main reason behind the move, which was decided in an off-cycle meeting of the monetary policy committee held ...

The RBI on Wednesday raised its key lending rate by 40 basis points to 4.40 per cent with immediate effect. The central bank also hiked the cash reserve ratio by 50 basis points. The decision was taken by the monetary policy committee (MPC) in an off-cycle meeting with the central board held May 2-4.

Oil prices fell about 4% on Monday, with Brent crude tumbling below $100 a barrel on worries that the COVID-19 pandemic will cut demand in China and as International Energy Agency (IEA) countries plan to release record volumes of oil from strategic stocks.

The rupee extended its losses on Wednesday as the dollar strengthened after Federal Reserve Governor Lael Brainard said the US central bank needs to act and take inflation head-on.

Inflation has surged sharply in March, according to the latest data from India, the United Kingdom and the United States, but that does not reflect the full impact of the ongoing Russia-Ukraine war, suggesting that the risks are skewed more to the upside for price pressures globally.

The rupee fell for the second straight session on Tuesday, tracking a decline in equities ahead of inflation data from the US and at home as investors wait to see the impact of the Russia-Ukraine war on domestic price pressures.