Rupee
National News

India’s Gold Demand To Increase In 2024 Despite Subdued March Quarter

India’s gold demand is anticipated to be low in the first quarter of 2024 owing to reduced jewellery sales, but yearly demand is expected to climb as customers adjust to higher costs, according to the World Gold Council (WGC) on Wednesday. Higher purchases in the world’s second-largest gold consumer may sustain prices, which are nearing […]

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Russia Remains Top Oil Source For India, Despite Red Sea Woes
Finance Government International National News Trade

India’s Rupee Payment Push For Oil Imports Stalls Over Supplier Concerns

India’s attempt to use the rupee for crude oil imports has not been given the desired outcomes, said the Oil ministry. The suppliers have expressed concerns about repatriating funds and high transactional costs. As per international trade practice, the default payment currency for all contracts for importing crude oil is the USD. However, to globalise […]

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Rupee Closes Slightly Higher Supported By Dollar Inflows
Finance International National News

Indian Rupee Expected To Open Higher As Dollar Declines

The Indian rupee is likely to open slightly higher on Monday after the dollar declined to its lowest in over two months against a basket of major peers. Non-deliverable forwards indicate the rupee will open at around 83.24-83.25 to the US dollar, compared with 83.27 in the previous session. Brent crude rose in Asia trading, […]

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