Rupee sinks 82 paise to all-time low of 93.71 vs US dollar as crude oil surge, FII outflows rattle sentiment

[ad_1] The rupee plunged by 82 paise, or nearly 1 per cent, to settle at an all-time low of 93.71 (provisional) against the US dollar on Friday, weighed down by persistent foreign fund outflows and a sharp rise in global crude oil prices amid mounting geopolitical tensions, PTI reported.Forex traders said the domestic currency remained […]

Iran hits Gulf energy sites after Israel gas field strike, world feels the heat

[ad_1] Iran intensified its attacks on oil and natural gas facilities around the Gulf Thursday, raising the stakes in a war that is sending shock waves through the global economy.The strikes, in retaliation for an Israeli attack on a key Iranian gas field, sent fuel prices soaring and risked drawing Iran’s Arab neighbours directly into […]

Rupee strengthens! Indian currency surges 26 paise against US dollar; at 89.92 in early trading

[ad_1] The rupee showed slight improvement against the US dollar on Wednesday, surging 26 paise to reach 89.92 in early trading. This came due to a weaker dollar globally and falling crude oil prices. The currency had already shown positive movement on Tuesday, ending its four-day decline.Starting the day at 90.20, the rupee kept getting […]