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In Early trade saw 4 paise decline in rupee against the US dollar, tying up with quiet markets
In early trade on Wednesday, the rupee fell 4 pence to 78.17 against the US dollar, after a flat domestic share market and a strong US currency. However, lower oil prices on the global market strengthened the local currency and limited its decline, according to FX brokers. The rupee began flat at 78.13 versus the […]
As crude oil prices fall, the rupee climbs 12 paise to 77.93 against the dollar
In early trade on Monday, the rupee rose by 12 paise to 77.93 versus the US dollar, owing to lower crude oil prices. However, currency dealers claimed that unrelenting foreign money outflows, a lackluster trend in local stocks, and a strong US dollar overseas limited the gain. The rupee began strongly at 77.98 versus the […]
Adani’s planned wind project has sparked a protest in Sri Lanka’s capital
On Thursday, a protest was staged in the Sri Lankan capital against the proposed windmill project in the northeastern district of Mannar, which is being developed by India’s Adani business. The Gotagogama (President Gotabaya, go home) demonstrators congregated in the bustling Bambalapitiya district south of Colombo. They carried signs protesting the lack of transparency in […]
Oil prices are falling as a result of Beijing’s Covid warning and global inflation fears
On Monday, oil prices fell more than $2 as a flare-up in COVID-19 cases in Beijing dampened prospects for a quick increase in China’s fuel demand, while concerns about global inflation and economic development weighed on the market. Brent oil futures were down $2.06, or 1.7 percent, to $119.95 a barrel at 0033 GMT, while […]