The largest West Asian crude exporter set the November Arab Light crude oil official selling price to Asia at $5 a barrel below the average of Oman and Dubai prices, down $3 from the previous month
Stock market crash: Analysts flag October rate hike fears, low liquidity, high oil prices, persistent FIIs selling and a long-weekend as some of the key reasons for the market fall on Thursday.
Brent was near $98 a barrel after rising about 14% in September, while investors weighed stalled US-Iran peace talks and signs of a recovery in West Asia oil exports
Kaynat Chainwala of Kotak Securities reckons that the MCX Crude Oil is showing a cautious-to-bearish setup on the 4-hour chart after facing resistance near ₹9,280-9,300 levels.
The rupee recovered from an intraday low of 96.15 per dollar to close flat at 95.99, aided by RBI intervention, softer crude prices and foreign inflows
Brent crude futures had risen 63 cents, or 0.6%, to $105.91 a barrel by 0002 GMT while US West Texas Intermediate crude was at $93.32, up 72 cents, or 0.8%
All sectoral indices traded in the red in early trade. Broader markets also faced intense selling pressure as both midcap and smallcap indices were down 1 per cent each.
India VIX indicates expected volatility in the market over the next 30 days. Higher levels suggest greater volatility as traders expect larger price swings in the market.
Commercial banks mobilised $133 billion in FCNR(B) deposits after the RBI opened its concessional swap window in June, prompting the scheme to close a month early
The rupee settled at 95.96 per dollar, while the benchmark 10-year government bond yield rose 6 basis points to 7.11 per cent, its highest level since May 21