The rupee depreciated by 4 paise to close at 81.34 (provisional) against the US dollar on Friday, tracking a rebound in crude oil prices and sustained foreign fund outflows. Forex traders said positive macroeconomic data and broad weakness in the American currency supported the rupee and contained the depreciation bias. At the interbank foreign exchange […]
Nine of the top-10 most valued firms together added Rs 1,84,225.43 crore in market valuation last week, with Reliance Industries Limited and State Bank of India emerging as the biggest gainers, in an overall bullish equity market trend. Last week, the BSE benchmark jumped 1,457.38 points or 2.44 per cent. Hindustan Unilever Limited was the […]
A surprise cut in oil production from OPEC+ is now setting the stage for other producers to vie for markets in Asia. Since the Organization of Petroleum Exporting Countries started managing supplies more actively in 2017, member states have privileged flows to Asia at the expense of countries like the US. Last year, 70% of […]
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