Tag: oil prices decline

Crude oil futures slump over 11% to ₹8,588/barrel; Brent slips below $100

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Crude oil futures slump over 11% to ₹8,588/barrel; Brent slips below 0

In the international market, crude prices fell sharply, with Brent oil for the July contract plummeting $11.57, or 10.53%, to $98.30 per barrel. | Photo Credit: Reuters Crude oil price slumped over 11% to ₹8,588 per barrel in futures trade on Wednesday (May 6, 2026), tracking sharp losses in global benchmarks amid signs of a…

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Rupee surges 61 paise to close at 94.57 against U.S. dollar

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Rupee surges 61 paise to close at 94.57 against U.S. dollar

Forex traders said that with the Indian rupee facing severe pressure, the Reserve Bank of India (RBI) is also actively pursuing a “non-direct” strategy to support the currency. | Photo Credit: Reuters The rupee appreciated 61 paise to close at 94.57 (provisional) against the U.S. dollar on Wednesday (May 6, 2027), as Brent crude prices…

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