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Rupee weakens to 94.90 as dollar index hits one-year high
Indian rupee slips to 94.90 against US dollar as Fed hawkish stance, strong dollar and risk off sentiment overshadow support from lower oil prices.
India nears 50% domestic coal use in import-based power plants, sources say
India is significantly boosting the use of domestic coal at power plants previously reliant on imports, aiming to slash costly overseas purchases. Over 50% of capacity at these plants is now running on local fuel, with trials expanding this further. This shift is enabled by increased renewable energy generation freeing up domestic supplies and plant modifications to handle local coal's higher ash content.
Rupee falls 16 paise to open at 94.90 against US dollar
The rupee fell 16 paise to 94.90 against the US dollar as expectations of a Federal Reserve rate hike rise. Despite easing crude oil prices, the currency struggles, influenced by importer demand and the Fed's hawkish stance, with potential upside anticipated if it surpasses 95.
NLC India shares in focus after firm signs renewable energy projects MoU with Indian Oil - Upstox
NLC India shares in focus after firm signs renewable energy projects MoU with Indian OilUpstox
UAE oil exports soar to 85% of Abu Dhabi's pre-war levels, says IEA
IEA says UAE oil exports rebounded to 4.3 million barrels per day in early June, near pre war levels, aided by Adnoc shipments, alternative routes, and storage
Stock market today:Gift Nifty hints muted start;US tech stocks sell-off, Kospi rebounds to oil prices - 8 stocks to buy - Mint
Stock market today:Gift Nifty hints muted start;US tech stocks sell-off, Kospi rebounds to oil prices - 8 stocks to buyMint
BPCL Share Price Live Updates: BPCL's three-month performance highlights significant gains
Crude oil prices extend fall on smoother flows through Strait of Hormuz; Brent below $77 per barrel
US-Iran peace talks: Global benchmark Brent crude futures for August delivery declined 0.45% to $76.73 per barrel on Wednesday after falling 1.1% in the previous session.
Petrol, Diesel Prices On June 24: Check New Fuel Rates In Mumbai, Hyderabad, Chennai, Kolkata, And More
Fuel prices in India depend on several factors, with global crude oil prices being the most significant as crude is the primary raw material used to produce petrol and diesel.
From Gift Nifty, Nasdaq selloff, US dollar to oil prices: 10 key things that changed for Indian stock market overnight - Mint
From Gift Nifty, Nasdaq selloff, US dollar to oil prices: 10 key things that changed for Indian stock market overnightMint
Oil Prices On June 24: Brent Crude Slips To $76 As Hormuz Traffic Picks Up Over US-Iran Peace Talks
Oil Prices On June 24: Brent Crude Slips To $76 As Hormuz Traffic Picks Up Over US-Iran Peace Talks
Asian Markets Today: Kospi Rebounds, Nikkei Slips as Investors Assess Tech Recovery
South Korean shares recovered after the previous session's sell-off, while markets tracked oil prices and shipping activity through the Strait of Hormuz.