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Market move▲ Bullish for Indian equities
Rupee strengthens against dollar; reports cite different gains and closing levels
The brief
- Two reports put the rupee up 14 paise at 95.85 in early trade
- Moneycontrol reported a 19-paise rise to 95.80 at the close
- Rupee gains may ease import costs for oil marketing companies and other importers
- Kalpataru Projects International secures 'major' EPC order in oil and gas business in UAE
- India to hold firm on Russian oil as US-China truce extension puts it in the spotlight
- Replacing 1 million bpd of Russian oil could cost India up to $3.7 billion annually
- Indian state companies seek 2.75 million tonnes of US LPG for 2027
- India to increase US LPG purchases as Middle East risks persist