Rupee Closes 3 Paise Higher at 83.87 Against US Dollar | Economy News

Mumbai: The rupee pared its initial gains and settled for the day 3 paise higher at 83.87 against the American currency on Monday, weighed down by a surge in crude oil prices. Forex traders said the Indian rupee gained in morning trade on rise in domestic markets and a weak US dollar. However, a surge […]

ABHISEK RAJPUT

August 26, 2024

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‘Petrodollar Deal’: Did Saudi Arabia Not Renew Deal With US? EXPLAINED | Economy News

New Delhi: Recently, reports surfaced in the media that a long-standing deal between the United States and Saudi Arabia – touted as the Petrodollar deal lapsed in June 2024. Murmurs around the deal say that the said ‘Petrodollar deal’ has over 50 years of existence (since established in 1974).  Media reports further add that, Saudi […]

ABHISEK RAJPUT

July 12, 2024

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ATF Price Slashed By 6.5% To Rs 94,969.01/kl; Windfall Tax On Crude Petroleum Reduced To Rs 5,200/Tonne | Economy News

New Delhi: Jet Fuel, also known as Aviation Turbine Fuel (ATF) saw a significant price reduction of 6.5 percent on June 1 and decreased by Rs 6,673.87 per kilolitre (kl) to Rs 94,969.01/kl in New Delhi. This reduction follows a slight increase of 0.09 percent (Rs 749.25 per kilolitre) on May 1. In Mumbai, the […]

ABHISEK RAJPUT

June 1, 2024

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Sensex Falls 314 Points Amid Muted Global Cues | Markets News

New Delhi: Indian equity indices opened in the red on Thursday following muted global cues. At 9:50 a.m., Sensex was at 74,188, down 314 points or 0.42 per cent and Nifty was at 22,605, down 99 points or 0.41 per cent. The banking index is outperforming the benchmarks. Nifty Bank is up 255 points or […]

ABHISEK RAJPUT

May 30, 2024

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