Oil prices held close to four-year highs on supply worries due to Washington’s sanctions on Iran.
Continuing its slide, the Indian rupee opened at record low of 73.26 per dollar, down 36 paise in today’s session. The Reserve Bank of India will have its October bi-monthly meet on Friday.
Oil prices held close to four-year highs on supply worries due to Washington’s sanctions on Iran. Brent added 8 cents to $84.88 per barrel, not far from a four-year high of $85.45 touched earlier in the week. US crude futures inched 1 cent higher to $75.24 a barrel, after earlier touching a four-year high of $75.91.
On the economy front, the growth of eight infrastructure sectors slowed down to 4.2% in August.
On the international front, the US Federal Reserve Chairman Jerome Powell exuded confidence of a remarkably positive outlook for US economy. He expects a historically rare era of ultra-low unemployment and tame prices.
US President Donald Trump threatened to impose new tariffs on additional USD267 billion worth of imports from China. Trump says he doesn't want a trade deal until China alters its unfair trade practices. Crude oil is trading at four-year highs.
On Monday, the rupee closed lower at 73.14/$ vs. its previous close of 72.74/$ last Friday.
The rupee and equity market was shut down on Tuesday on account of local holiday for Mahatma Gandhi Jayanti.
Oil prices held close to four-year highs on supply worries due to Washington’s sanctions on Iran. Brent added 8 cents to $84.88 per barrel, not far from a four-year high of $85.45 touched earlier in the week. US crude futures inched 1 cent higher to $75.24 a barrel, after earlier touching a four-year high of $75.91.
On the economy front, the growth of eight infrastructure sectors slowed down to 4.2% in August.
On the international front, the US Federal Reserve Chairman Jerome Powell exuded confidence of a remarkably positive outlook for US economy. He expects a historically rare era of ultra-low unemployment and tame prices.
US President Donald Trump threatened to impose new tariffs on additional USD267 billion worth of imports from China. Trump says he doesn't want a trade deal until China alters its unfair trade practices. Crude oil is trading at four-year highs.
On Monday, the rupee closed lower at 73.14/$ vs. its previous close of 72.74/$ last Friday.
The rupee and equity market was shut down on Tuesday on account of local holiday for Mahatma Gandhi Jayanti.
Get more details here:
Mcx tips, Intraday stock tips, Financial Advisory Company , Share Market Company,Capitalstars on Money Bhaskar news
Call on:7440449744
* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
No comments:
Post a Comment