The Indian rupee recently reached a historic low, falling by 0.12 to trade at 84.09 against the US dollar. This decline is largely attributed to surging crude oil prices and escalating geopolitical tensions in the Middle East. The US dollar’s strength, with the dollar index rising from $100.50 to $102.40, has also added pressure on the rupee. Experts predict that ...
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Tag Archives: oil prices surge
Petrol price peaks 5-year high, inflation looms large
Due to global price surge, the petrol price in six metropolis touched a near-five year high of Rs 73.83 a litre on effective April 1, while Mumbai registered a fresh record high of Rs.81.69 per litre. In Mumbai, Kolkata, Chennai, Bangalore and Hyderabad, prices of petrol crossed Rs.80-mark for the first time in five years compared to the previous hikes ...
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