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Rupee gains 47 paise as record FCNR inflows boost forex liquidity

On Thursday morning, the Indian rupee saw a notable rise, fueled by an influx of foreign-currency deposits that enhanced the foreign-exchange liquidity of the country. This robust support helped mitigate global economic pressures. Additionally, interventions from the Reserve Bank of India played a crucial role in the rupee’s ascent, as domestic equities began the day...

US-Venezuela's historic deal: Will Americans get cheaper gas now?

The United States has successfully negotiated a deal to import Venezuelan oil, aiming to replenish its reserves with a consistent supply of affordable crude. While the long-term implications for American drivers remain ambiguous, the deal’s effect may not be felt for several months. The arrangement involves significant untapped oil fields and a private company, but...
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