The Indian rupee appreciated 9 paise to 82.69 against the US dollar in early trade as crude oil price retreated from its elevated levels. Sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias. At the interbank foreign exchange, the local unit opened at 82.69 against the dollar, registering a rise of […]
By Bhavik Patel Crude oil has managed to sustain its gain after OPEC+ cut production. According to the US EIA, despite OPEC+’s surprise production cut, the global oil market will remain in surplus this year and next as demand growth could be hurt by lower-than-expected economic growth in the coming months. However, that statement is […]
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