Categories: Business

Rupee rises to 94.80 against US dollar, but crude oil threatens recovery

Rupee opened the week strong, gaining 9 paise to reach 94.80 against the US dollar. This improvement marked the currency’s third consecutive session of recovery, following a previous close of 94.89. However, high crude oil prices continue to pose significant risks to the rupee’s gains, as oil is trading around $107.79 per barrel. Domestic equities, meanwhile, faced pressure with BSE Sensex dropping over 470 points.

The News Vista

Share
Published by
The News Vista

Recent Posts

Ohio couple spent $30,000 on friend’s home; court revives eviction bid

An Ohio couple who moved into a friend's house in 2020 and spent $30,000 renovating…

1 hour ago

India shelves coal import plan as high global prices, weak rupee raise costs

India has decided not to mandate coal imports for power plants due to high international…

2 hours ago

Cyber unit flags rise in social media fraud using deepfake videos of PM, ministers to promote fake schemes

The National Cybercrime Threat Analytics Unit has identified a rise in financial fraud on social…

2 hours ago

India probes Pernod Ricard, Diageo over Scotch whisky imports under UK trade pact

Indian tax authorities are examining whether Pernod Ricard and Diageo wrongly classified bulk Scotch whisky…

2 hours ago

Russia ships 20 million barrels of oil to Asia via Arctic route amid shipping disruptions: Report

Russia has nearly shipped 20 million barrels of oil to Asia through the Northern Sea…

2 hours ago