Global crude oil prices tumbled close to 5 per cent on Tuesday, falling back to levels seen before the Iran-Israel conflict, after news of a tentative ceasefire between the two nations eased fears of a broader supply disruption. As of Tuesday mid-morning US time (around 7:30 PM IST), Brent crude, the global benchmark, was trading…
Rupee drowns: The Indian rupee plunged 23 paise to close at a five-month low of 86.7875 against the US dollar on Monday, pressured by a strengthening US dollar and volatile crude oil prices following the US airstrike on Iran’s nuclear facilities. The sharp decline in domestic equity markets added further strain on the currency. The…
Rupee gained 1 paisa to settle at 85.53 (provisional) against the US dollar on Friday, helped by strong foreign institutional investor (FII) inflows and a slight drop in the dollar index. However, the rupee’s rise was limited due to higher Brent crude prices, weak domestic equity markets, and data showing India’s trade deficit widening in…