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Rupee extended its losing streak on Tuesday, slipping to a record low of 95.63 against the US dollar in early trade, as it remained under pressure from rising oil prices, intensifying geopolitical tensions and fragile investor sentiment.The decline follows an already weak session on Monday, when rupee fell 82 paise to close at 95.31. Sentiment…
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The United States and the United Kingdom on Monday announced seperate sanctions aimed at increasing pressure on Iran by targeting individuals, companies and networks accused of facilitating oil sales, financial transactions and “hostile activities”. The US measures focus on disrupting Iran’s oil exports to China and cutting off funding linked to the Islamic Revolutionary Guard…
NEW DELHI: The government announced the rationalisation of royalty rates and methodologies for crude oil, natural gas and casing head condensate (a light hydrocarbon liquid obtained during gas production), in a move aimed at simplifying regulations and boosting India’s upstream energy sector.Union petroleum and natural gas minister Hardeep Singh Puri said the decision would bring…
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