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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 sharper than expected rate increase by the RBI today paves the way for a more aggressive rate hike cycle than we earlier expected: Mr. Abheek Barua, Chief Economist, HDFC Bank

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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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