By Mihika Sharma
The rupee weakened marginally by 0.1% last week against the dollar, ending at 83.49. Initially, the rupee faced pressure from a strong dollar at the start of the week. Although the dollar index weakened as the week progressed, elevated crude oil prices and a weak yuan continued to weigh on the rupee. During the week, there were net FPI inflows totalling U…
Read moreOil prices jumped 1.5% in the first session of the New Year, due to potential supply disruptions in the Middle East after a naval clash in the Red Sea, and hopes of strong holiday demand and an economic stimulus in China, the top crude importer.
Brent crude rose $1.20, or 1.5%, to $78.24 a barrel by 0438 GMT while U.S Come from Read more