From The Hindu
Center-Left Owned by Kasturi & Sons Ltd.Rupee falls 9 paise to 94.55 against U.S. dollar in early trade
What's behind this
Crude oil prices fell after US midterm results raised hopes of ending the West Asia war. Brent and WTI futures weakened alongside domestic contracts, and reports of recovering Persian Gulf exports added to the market’s supply outlook. Brent crude futures dived nearly 9% overnight, falling below $100 a barrel, and have dropped about 20% so far this week.
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Brent crude, the global oil benchmark, was trading lower by 1.04% at $93.64 per barrel in futures trade
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center · 1 outlet
MUMBAI: The rupee depreciated 9 paise to 94.55 against the US dollar in early trade on Thursday pressured by the broad strength of the American currency in the overseas market. Forex traders said a positive domestic market and softening of crude oil prices cushioned the downside. At the interbank…
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Brent crude, the global oil benchmark, was trading lower by 1.04% at $93.64 per barrel in futures trade