The US-Iran war threatens India’s multi-year IPO boom
Many companies may choose to wait out the market correction triggered by the US-Iran war. Source
Tag: crude oil prices india
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Rupee hits record low of 92.41 against dollar as West Asia conflict sparks oil surge
MUMBAI: The Indian rupee tumbled to a record low of 92.41 against the US dollar on Wednesday, battered by a sharp rise in crude oil prices and a surge in safe-haven demand for the greenback as hostilities intensified in West Asia. The rupee had breached the crucial 92 mark at open, compared with its previous…
Indian crude basket slips below $60 a barrel for the first time in years
NEW DELHI: The price of the Indian crude oil basket, which represents the cost of oil imported by the country, has averaged $59.92 per barrel so far in January, down from $62.2 in December, according to data from the Petroleum Planning and Analysis Cell on Tuesday. This marks the first time since February 2021 that…