Rupee Falls to 85.96 vs Dollar as Crude Surges, But Recovery Expected by Year-End
The Indian rupee slipped 37 paise to close at 85.96 against the US dollar on Thursday, driven by increased demand from importers and foreign banks, as well as a jump…
Saudi Arabia and Russia Extend Oil Production Cuts, Pushing Brent Crude Above $90
Saudi Arabia and Russia Extend Oil Production Cuts On Tuesday, Saudi Arabia and Russia announced a joint decision to extend their voluntary oil production cuts through the end of this…
Government Slashes Special Additional Excise Duty on Crude Petroleum
The Indian government has announced a significant reduction in the special additional excise duty (SAED) or windfall tax on crude petroleum, lowering it to Rs 6,700 per tonne, starting from…