Geopolitical tensions may add headwinds to the markets, which had calmed recently after a month of turmoil from the tariff blitz unleashed by US President Donald Trump
The domestic currency ended 12 paise higher at 85.40 after closing at 85.52 against the greenback on Friday
The domestic currency opened 8 paise higher at 85.44 after ending at 85.52 against the greenback on Friday
Rupee closed 3 paise higher at 85.52 after ending at 85.55 against the greenback on Thursday
The domestic currency began the session 25 paise higher at 85.30 after ending at 85.55 against the greenback on Thursday
The domestic currency closed 27 paise lower at 85.52 after ending at 85.28 against the greenback on Wednesday
The domestic currency began the session 24 paise lower at 85.52 after closing at 85.28 against the greenback on Wednesday
The domestic currency ended 6 paise higher at 85.28 after ending at 85.34 against the greenback on Tuesday, according to Bloomberg data
The US and China agreed to slash steep tariffs for at least 90 days, sending Wall Street stocks, the US dollar and crude prices sharply higher
Oil prices have declined 17 per cent for the year-to-date with April marking 18 per cent fall, the biggest monthly drop in prices since November 2021
Crude import bill increased by 2.7% in FY25 to $137 billion
Crude prices have had the most volatile week in four years as the prices tumbled over 20 per cent in 4 trading sessions amidst the trade war turmoil
Oil prices: The 90-day relief on reciprocal tariffs could see crude oil prices edging a bit higher towards $65. However, overall, we expect prices to trade range bound between $65-$58
Imports from Russia fell by nearly a fifth despite remaining largest source of crude
Historically, commodity and crude oil markets have exhibited a high positive correlation with equity valuations and company profits
Technically, HPCL, BPCL stock seem to be favourably placed on the charts with key support at ₹ 324 and ₹ 255, respectively. IOC stock chart however flags a caution sign.
Congress MP Manish Tewari slams Centre over high fuel prices despite crude oil plunge; questions if dynamic pricing is only a one-way street as excise duty is hiked
When oil prices drop, upstream companies face reduced revenue, which can lead to cost-cutting measures, reduced profits, and in some cases, financial losses
The weakness in the oil prices came after US President Donald Trump imposed 'reciprocal' tariffs' on trading partners. He also announced a 10 per cent tariff on all countries
Crude oil prices fell below $70 per barrel over US President Donald Trump's new tariffs, raising concerns over a global trade war that could weigh on oil demand