Oil fell for a second day as bullish impetus from OPEC+ production cuts faded against a weaker-than-expected demand picture. West Texas Intermediate dropped below $80.50 per barrel after weakening 2% on Monday, the biggest daily fall in four weeks. US shale production is seen higher in May, while there are signals that demand for diesel […]
The rupee declined by 27 paise to close at 82.76 against the US dollar on Thursday after the US Federal Reserve’s interest rate hike and its hawkish stance dented investor sentiments. A massive sell-off in domestic equities and a strong greenback overseas also weighed on the local unit, forex traders said. It finally settled at […]
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