Rupee rises 2 paise to 84.40 against US dollar in early trade

 19 Nov 2024 10:03 AM

The Indian rupee saw a slight rise against the US dollar, reaching 84.40 in early trade due to recovering domestic equity markets and a weaker dollar. However, significant foreign fund outflows and rising crude oil prices limited the rupee's gains.

Chennai-Vladivostok maritime corridor becomes operational

 18 Nov 2024 09:51 PM

The Chennai-Vladivostok maritime corridor is now open, cutting the time it takes to ship goods between India and Russia's Far East by more than two weeks. Container ships carrying crude oil, metal, and textiles have already begun arriving in Indian ports.

Rupee rises 8 paise to 84.38 against US dollar in early trade

 18 Nov 2024 09:43 AM

The Indian rupee saw a slight recovery against the US dollar, appreciating to 84.38 despite a strong dollar and foreign fund outflow. Lower crude oil prices aided the rupee's rise, while rising inflation and a surge in US Treasury yields posed challenges. India's merchandise exports surged, but the trade deficit widened, and forex reserves declined.

Learn with ETMarkets: How to trade in crude oil amid market volatility?

 17 Nov 2024 10:15 AM

The crude oil market in 2024 remains volatile due to geopolitical tensions, particularly the Israel-Hamas conflict, and OPEC's production decisions. These factors create both challenges and opportunities for investors. The article discusses how these developments are affecting oil prices in India and provides strategic insights for investors to navigate this uncertainty and capitalize on market fluctuations.

Rupee falls 1 paisa to all-time low of 84.40 against US dollar in early trade

 13 Nov 2024 10:59 AM

The Indian rupee hit a new all-time low against the US dollar, driven by foreign fund outflows and a strong dollar index. Despite the Reserve Bank of India's intervention, the rupee weakened to 84.40 per dollar. High inflation and rising crude oil prices further contributed to the pressure on the currency.

ONGC: THE PRICE OF NEW GAS WOULD BE 20% ABOVE THE PRICE OF APM GAS, WHICH WOULD BE $8.4 PER MMBTU IF THE INDIAN CRUDE OIL BASKET PRICE IS $70 PER BARREL || THE GOVERNMENT HAS ALLOCATED GAS FROM NEW WEALTH UP TO 3.2 MMSCMD, ASSURING FEEDSTOCK SUPPLY AND PAVING THE WAY FOR SUSTAINABILITY OF OPAL - CONCALL UPDATE

 13 Nov 2024 09:07 AM

ONGC: THE PRICE OF NEW GAS WOULD BE 20% ABOVE THE PRICE OF APM GAS, WHICH WOULD BE $8.4 PER MMBTU IF THE INDIAN CRUDE OIL BASKET PRICE IS $70 PER BARREL || THE GOVERNMENT HAS ALLOCATED GAS FROM NEW WEALTH UP TO 3.2 MMSCMD, ASSURING FEEDSTOCK SUPPLY AND PAVING THE WAY FOR SUSTAINABILITY OF OPAL - CONCALL UPDATE

India moving towards gas-based economy from import dependent crude based economy: Hardeep Puri

 11 Nov 2024 05:37 PM

India is transitioning towards a gas-based economy to reduce its reliance on imported crude oil. The government is taking steps to increase domestic gas production, which saw an 18% rise last year. Incentives for gas producers and investments in the exploration and production sector are expected to further boost production, aiming for greater energy security and a cleaner energy future.

Weakness continues in crude oil prices. Key factors to watch out for

 09 Nov 2024 01:04 PM

Since mid-2022, oil has traded within a narrow range of $65 to $97 per barrel, primarily due to concerns of supply surpassing demand. In April 2023, OPEC+ responded by announcing production cuts to curb excess supply and stabilize prices, with further extensions to these cuts continuing since then.

Oil prices fall as Hurricane Rafael expected to start weakening

 09 Nov 2024 09:28 AM

Oil prices dipped slightly on Friday. The risk of Hurricane Rafael impacting US oil production decreased. The market is considering the potential effects of President-elect Donald Trump's policies on oil supplies. Brent crude oil futures fell. US West Texas Intermediate crude also fell. Crude imports in China, the world's largest oil importer, decreased in October.

Oil prices fall as Hurricane Rafael expected to start weakening

 08 Nov 2024 09:02 AM

Brent crude oil futures fell 26 cents, or 0.3 Percent , to $75.37 per barrel by 0209 GMT. U.S. West Texas Intermediate (WTI) crude gained 35 cents or 0.5 Percent to $72.01. The benchmarks fell after rising nearly 1 Percent on Thursday.