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The ongoing crisis in the Middle East continues to rattle financial markets worldwide, sending shockwaves to oil baskets, stock markets and currencies. Rupee is no stranger to the impact! Over the past one year, the currency has continuously slipped to its record lows, first hitting 90 and then eventually beyond the 93 per US dollar…
Prime Minister Narendra Modi NEW DELHI: Prime Minister Narendra Modi on Monday addressed the Lok Sabha on the ongoing crisis in West Asia, triggered on February 28 when the United States and Israel launched joint attacks on Iran, plunging the Gulf region into turmoil.The continued bombings and strikes across the oil-rich region have posed serious…
The Strait of Hormuz is a crucial passage linking oil and gas producers in the Persian Gulf to global markets. (AI image) India’s immediate LPG crisis seems to be easing with tankers coming in and domestic production stepped up to meet needs. Two more Indian-flagged ships carrying liquefied petroleum gas (LPG) are currently transiting the…
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NEW DELHI: The Directorate General of Trade Remedies (DGTR), a body under the Union commerce ministry, has recommended the imposition of anti-dumping duties on Chinese viscose rayon filament yarn (above 75 deniers)—a widely used man-made textile fibre, according to a government notification issued on Monday.The proposed duties include $386 per metric tonne for Xinxiang Chemical…
As the war with Iran enters its fourth week, crypto markets will be dominated by macro events. Off the global stage, however, traders will be navigating a number of supply events while Aave prepares for the deployment of its v4 platform and hard forks loom for both the Akash and Casper networks. A number of…
