Tag
Indian state-run oil companies are selling petrol at ₹14 per litre below cost and diesel at ₹18 below cost. The West Asia crisis has pushed energy prices higher, adding an expected ₹80,000 crore loss on LPG for the current fiscal year. A price hike, budget support, or mounting company losses are the likely outcomes to
The Indian rupee gained on Friday after Reuters reported the Reserve Bank of India instructed state-run oil companies to curtail dollar purchases, reducing a key source of currency demand pressure. The move extends a two-week series of RBI measures that have narrowed the rupee's underperformance against Asian peers.
Tag
Indian state-run oil companies are selling petrol at ₹14 per litre below cost and diesel at ₹18 below cost. The West Asia crisis has pushed energy prices higher, adding an expected ₹80,000 crore loss on LPG for the current fiscal year. A price hike, budget support, or mounting company losses are the likely outcomes to
2mo ago · 1 min · Economy
The Indian rupee gained on Friday after Reuters reported the Reserve Bank of India instructed state-run oil companies to curtail dollar purchases, reducing a key source of currency demand pressure. The move extends a two-week series of RBI measures that have narrowed the rupee's underperformance against Asian peers.
2mo ago · 1 min · Markets
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