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Oil Prices Hit 10-Month High Amid Tight Supply, China Optimism
Oil prices hit a 10-month high on Friday and posted a third weekly gain as supply tightness spearheaded by Saudi Arabian production cuts combined with optimism around Chinese demand to lift crude, according to a Reuters report. Brent crude futures soared ...
Rupee Trades Lower As Crude Surges Again
Indian currency in Wednesday's trade again depreciated to 71.97 per US dollar against its earlier higher close. The weakness comes amid scaling of crude oil prices as Iran launched a missile attack on US led forces in Iraq as reported by ...
U.S. Working Towards Steady Supply of Crude To India
Washington has clarified its decision for not extending waivers to export crude from Iran was not meant to hurt India and the U.S. is working towards stabilizing global energy markets and in maintaining a regular supply of oil to its friends ...
'Fresh demand for 2.8 mn homes in 2013-17 seen in 8 cities'
New Delhi: Top eight cities, including NCR and Mumbai, would witness an additional housing demand of 2.8 million units in the next five years, but supply will lag behind due to economic and regulatory issues, says property consultant Cushman & Wakefield. ...
How is the value of rupee determined against the dollar?
As with other commodities, market forces of demand and supply are the major determinants of the value of rupee against the dollar. In a scenario, when the demand for dollar witnesses an uptrend, the value of rupee in its respect depreciates, ...
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