New Delhi The Finance Ministry late on Thursday introduced down windfall tax on domestically produced crude to zero from ₹1,800 a tonne. That is the second time the tax has been lowered to zero. The central authorities, had with impact from the July 1, 2022, imposed sure duties /cesses on domestically produced crude petroleum. Nonetheless, … Read more
Declining crude oil costs has been within the information for fairly a while now. After having began the down transfer in early July, crude oil costs prolonged the decline in September. Brent crude oil futures marked a low of $68.7 a barrel final week, the bottom since December 2021 and WTI (West Texas Intermediate) futures … Read more
The rupee pared its preliminary beneficial properties and settled for the day decrease by 4 paise at 83.14 (provisional) towards the US greenback on Monday, mirroring the benchmark indices that erased their beneficial properties and ended the break day their record-high ranges. Foreign exchange merchants stated the rupee settled in a slender vary because the … Read more
The rupee appreciated 2 paise to settle at 83.12 (provisional) towards the US greenback on Thursday, monitoring a weak American forex towards main rivals abroad. Additionally learn: Weekly Rupee View: Rupee sheds bullishness A weak pattern in home fairness markets and rising crude oil costs stored the motion of the home forex restrcited, foreign exchange … Read more
The Israel-Hamas struggle apart, crude oil costs are anyway going up as a consequence of supply-demand circumstances. That stated, the rally may hit a wall within the second half of calendar yr 2024. It is because by then, the struggle threat premium may wane and the worldwide progress issues would possibly come into play, weighing … Read more