The Indian Rupee recovered 22 paise against the US dollar in early trade. This recovery occurred despite crude oil prices breaching the $100 a barrel mark. The Reserve Bank of India’s intervention likely helped stabilize the domestic currency. Foreign institutional investor outflows and weak domestic equities capped further gains for the Rupee. Brent crude prices
Oil prices have sharply rebounded, exceeding one hundred dollars per barrel. Attacks on Saudi oil tankers in the Red Sea have revived supply fears. Kazakhstan’s oil exports also faced disruptions, adding to global concerns. This marks a significant reversal from recent price declines seen earlier. These events have tightened the noose around global energy supply
Set To Take On Zomato, Swiggy | Pilot Likely In B’luru | Separate App, ONDC Launch Planned
Houthi Rebels’ Attacks Add To Shipping Woes
