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Energy crisis

Rupee turns flat at 83.33 against US dollar amid high crude oil prices | Finance News

by
Business Standard

[ad_1] India’s currency is likely to appreciate to 81 per dollar by end-December from around 82.9 on Tuesday. Photographer: Dhiraj Singh/Bloomberg The rupee turned flat at 83.33 against the US dollar in early trade on Thursday amid a strong American currency and higher crude oil prices. Forex traders said the positive equity markets … Read more

January crude imports hit 21-month high due to strong Industrial demand | Economy & Policy News

by
Business Standard

[ad_1] India’s crude oil imports jumped to a 21-month high in January as the world’s third-biggest oil importer and consumer shipped in more fuel to meet surging demand led by strong industrial activity. Crude oil imports in January rose 9.5% month-on-month to 21.39 million metric tons, and were up 5.7% on year-on-year basis, … Read more