Downbeat sentiments saw USD-INR exchange rate test past 72 to two-month high, while the benchmark equity indices witnessed mayhem on Monday
India's imports from Iran has already gone down to 1.7 million tonne in the current financial year, from 23.9 mt in 2018-19
S&P Global Platts sees India's oil demand growing by 170,000 b/d next year as economic growth is expected to pick up, says Hickin
Barclays sees Brent trading near $60 a barrel for two years
Brent crude oil, soya bean, kapas and almonds futures on the cards
Brent is set for a fifth straight week of gains, following the US announcement that it won't renew waivers for countries to import Iranian crude after May 2
Brent futures, the international benchmark for oil prices, were at $61.15 per barrel, up 21 cents
OPEC failed to agree to a clear oil-output strategy on Thursday as Iran insisted on raising production to regain market share lost during years of sanctions