Rupee surges 52 paise to 92.54 against dollar; US-Iran ceasefire, RBI stance lift sentiment

The rupee appreciated 52 paise to close at 92.54 against the US dollar on Wednesday after US President Donald Trump announced a two-week suspension of military strikes against Iran and the Reserve Bank kept policy rates unchanged, PTI reported.Forex traders said investor sentiment improved following Governor Sanjay Malhotra’s assurance that recent forex measures do not…

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‘We’ll fill it up’: US turns to emergency oil stockpile as crude prices surge amid Iran war

US President Donald Trump on Wednesday (local time) said that the United States would tap its strategic oil reserves to help reduce fuel prices as global energy markets reel from the escalating Middle East conflict.“We’ll do that, and then we’ll fill it up,” Trump said about releasing crude from the US strategic reserve. “Right now,…

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HS Prannoy withdraws from Orleans Masters Super 300 badminton tournament | Badminton News

Paris: India’s HS Prannoy (PTI Photo/Ravi Choudhary) NEW DELHI: HS Prannoy has withdrawn from the Orleans Masters Super 300 badminton tournament after suffering a shoulder injury during last week’s Swiss Open in Basel. The experienced Indian shuttler was originally scheduled to face top seed Chou Tien Chen of Chinese Taipei in the opening round.Prannoy first…

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Gulf tensions: Will use every policy tool to help exporters, assures Piyush Goyal

NEW DELHI: Government will use “every policy tool and the export promotion mission” to support exporters in the ongoing crisis in West Asia, commerce and industry minister Piyush Goyal said on Friday. “We are in complete engagement with exporters. Every day, the inter-ministerial group talks to exporters and takes feedback. We will not be found…

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Iran running out of space to store its crude oil; is the real financial crisis still coming?

The Middle East conflict has already been rattling global oil flows, draining supplies, tightening reserves and pushing crude prices higher across markets. But Iran, one of the key flashpoints in the crisis, seems to be dealing with a different kind of pressure altogether. Instead of just struggling with disrupted exports, the country is now staring…

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