Oil Prices

India's strong credit demand and softening crude oil prices could buoy the economy, putting the South Asian country on course for a 6.5% expansion this fiscal year, according to a top adviser to the Finance Ministry.

The Centre today asked edible oil companies to cut the prices of cooking oils in line with the fall in global prices for the benefit of consumers.

Petroleum and oil marketing companies have slashed the price of Commercial LPG cylinders by Rs 171.50 with immediate effect, according to sources on Monday.

The rupee traded in a narrow range and settled on a flat note at 81.92 (provisional) against the US dollar amid rising crude oil prices and foreign fund outflows.

The rupee appreciated 15 paise to close at 81.91 (provisional) against the US dollar on Monday as a firm trend in domestic equities and easing crude oil price boosted investor sentiments.

The rupee was trading in a narrow range in the morning session on Monday as positive sentiment over domestic equities rise and easing crude oil price were partially negated by a stronger American currency in the overseas market.

Rising for the second straight session, the rupee appreciated 8 paise to close at 82.09 (provisional) against the US dollar on Friday, supported by softening crude oil prices in the international markets.

The rupee appreciated 11 paise to close at 82.14 (provisional) against the US dollar on Thursday, as crude oil prices retreated from elevated levels.

The rupee gained 9 paise to 82.16 against the US dollar in early trade on Thursday as crude oil prices retreated from its elevated levels.

The rupee depreciated 7 paise to 82.11 against the US dollar in early trade today, weighed down by firm crude oil prices and a negative trend in domestic equities.

Finance Minister Nirmala Sitharaman said India could buy Russian crude oil near or past the price cap imposed by the G-7 if the recent OPEC+ output cut increases energy costs.

The rupee depreciated 12 paise to 81.97 against the US dollar in early trade on Monday, weighed down by firm crude oil prices and a negative trend in domestic equities.

Former Pakistan Prime Minister and Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan once again lauded India's foreign policy and said that Islamabad "wanted to get cheap Russian crude oil just like India".

Natural gas produced from legacy old fields, known as APM gas, will now be linked to crude oil price instead of gas prices in surplus nations such as the US, Canada and Russia, Union Minister Anurag Thakur said.

The rupee depreciated 10 paise to close at 82.31 (provisional) against the US currency on Monday as a strong American currency in the overseas market and firm crude oil prices weighed on investor sentiments.

India's strong credit demand and softening crude oil prices could buoy the economy, putting the South Asian country on course for a 6.5% expansion this fiscal year, according to a top adviser to the Finance Ministry.

The Centre today asked edible oil companies to cut the prices of cooking oils in line with the fall in global prices for the benefit of consumers.

Petroleum and oil marketing companies have slashed the price of Commercial LPG cylinders by Rs 171.50 with immediate effect, according to sources on Monday.

The rupee traded in a narrow range and settled on a flat note at 81.92 (provisional) against the US dollar amid rising crude oil prices and foreign fund outflows.

The rupee appreciated 15 paise to close at 81.91 (provisional) against the US dollar on Monday as a firm trend in domestic equities and easing crude oil price boosted investor sentiments.

The rupee was trading in a narrow range in the morning session on Monday as positive sentiment over domestic equities rise and easing crude oil price were partially negated by a stronger American currency in the overseas market.

Rising for the second straight session, the rupee appreciated 8 paise to close at 82.09 (provisional) against the US dollar on Friday, supported by softening crude oil prices in the international markets.

The rupee appreciated 11 paise to close at 82.14 (provisional) against the US dollar on Thursday, as crude oil prices retreated from elevated levels.

The rupee gained 9 paise to 82.16 against the US dollar in early trade on Thursday as crude oil prices retreated from its elevated levels.

The rupee depreciated 7 paise to 82.11 against the US dollar in early trade today, weighed down by firm crude oil prices and a negative trend in domestic equities.

Finance Minister Nirmala Sitharaman said India could buy Russian crude oil near or past the price cap imposed by the G-7 if the recent OPEC+ output cut increases energy costs.

The rupee depreciated 12 paise to 81.97 against the US dollar in early trade on Monday, weighed down by firm crude oil prices and a negative trend in domestic equities.

Former Pakistan Prime Minister and Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan once again lauded India's foreign policy and said that Islamabad "wanted to get cheap Russian crude oil just like India".

Natural gas produced from legacy old fields, known as APM gas, will now be linked to crude oil price instead of gas prices in surplus nations such as the US, Canada and Russia, Union Minister Anurag Thakur said.

The rupee depreciated 10 paise to close at 82.31 (provisional) against the US currency on Monday as a strong American currency in the overseas market and firm crude oil prices weighed on investor sentiments.