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The seasonally adjusted volume of retail trade decreased by 0.4% in the euro area and by 0.2% in the EU, compared with February 2022, according to estimates from Eurostat, the statistical office of the European Union. In February 2022, the retail trade volume increased by 0.4% in the euro area and by 0.3% in the EU. In March 2022 compared with March 2021, the calendar […]

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Crude oil prices resume uptrend on Wednesday as EU, the worlds largest trading bloc, planned to phase out imports of Russian oil, offsetting demand worries in top importer China. West Texas Intermediate crude futures rose more than 3% to above $106 a barrel. European Commission President Ursula von der Leyen on Wednesday proposed a phased oil embargo on Russia over its war in Ukraine, as […]

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The Indian rupee appreciated 8 paise to settle at 76.40 (provisional) against the US dollar on Wednesday following RBIs surprise rate hike ahead of the US Federal Reserves policy decision. At the interbank forex market, the domestic unit opened at 76.46 against the US dollar. It moved in the range of 76.17 to 76.58 during the session. The rupee finally closed at 76.40, registering a […]

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