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PTI
Mumbai, July 24, 2014
Weak dollar overseas also could not able to stem the rupee fall, a forex dealer said.


Nidhi Verma
New Delhi, July 23, 2014
India, Iran's top oil client after China, raised the imports to some of the highest levels in nearly two years in the first quarter, partly to make up for deep cuts in 2013 due to the lack of insurance coverage for refineries processing Iranian oil.


PTI
New Delhi, July 19, 2014
CAG said that private refiners export balance petroleum products they produce at prices comparable to EPP/free-on-board (FOB), which are lower than TPP/import parity price (IPP).


Nidhi Verma
New Delhi, July 9, 2014
Mangalore Refinery and Petrochemicals, Essar Oil, Indian Oil Corp, Hindustan Petroleum Corp and HPCL-Mittal Energy together owed about $4.6 billion to National Iranian Oil Co as of May 31.


PTI
New Delhi, July 4, 2014
Endorsing the previous UPA government's monthly 40-50 paisa per litre increase in diesel prices, the ministry is likely to propose that the monthly revisions may continue till the present Rs 3.40 a litre loss on the fuel is fully bridged.


PTI
Mumbai, July 3, 2014
However, in overseas market, the dollar was trading higher against the euro ahead of what analysts expect will be an uneventful European Central Bank policy meeting. The dollar index was up by 0.13 pct against its major global rivals.


Anilesh S. Mahajan
July 15, 2014
Since 2012, Iraq has been India's second biggest source of oil imports after Saudi Arabia, supplying more than 20 million metric tonne every year. Ever since the unrest in Iraq broke out, Asia's second largest energy user has been on edge.


PTI
Mumbai, June 25, 2014
At the Interbank Foreign Exchange (Forex) market, the local currency resumed lower at 60.23 a dollar from previous close of 60.13. It then declined further to one-week lows of 60.3850 on initial dollar demand from importers, mainly oil refiners.


PTI
Mumbai, June 23, 2014
At the Interbank Foreign Exchange (Forex) market, the domestic unit commences better at 60.10 a dollar from previous close of 60.18 and was trapped in a narrow range of 60.05 and 60.27 before settling at 60.20, revealing a fall of a mere two paise or 0.03 per cent.


Anilesh S. Mahajan
June 20, 2014
India imports about 78 per cent of its oil needs and a Barclays report recent predicted that a $10 rise in crude oil prices can impact growth by half a percentage point.


Manoj Kumar and Nidhi Verma
June 19, 2014
\"If oil prices remain high even for three to four months around $120 a barrel, it could have a significant impact on the fiscal deficit and economic growth,\" a senior Finance Ministry official told Reuters on condition of anonymity.


PTI
Mumbai, June 18, 2014
Global crude oil prices rose further and the benchmark crude oil for July delivery added 41 cents to $106.77 on New York Mercantile Exchange as militants, early morning on Wednesday, attacked Iraq's largest oil refinery. As a result, importers, mainly oil refiners, went on a dollar buying spree.


Nidhi Verma
Mumbai, June 17, 2014
Essar Oil was Iran's top Indian oil client in May, followed by Mangalore Refinery and Petrochemical. Indian Oil took one very large crude carrier, or 2 million barrels of Iranian oil last month, after not making any purchase from Tehran since January.


Reuters
June 16, 2014
Sustained demand for the American currency from oil importers, weakness in local equities on the back of rise in wholesale price index-based inflation, weighed down the rupee.


PTI
Mumbai, June 2, 2014
The Indian benchmark S&P BSE Sensex jumped by 467.51 points or 1.93 pct while FIIs infused Rs 2,977.62 crore last Friday, as per provisional data with stock exchanges.


PTI
Mumbai, May 31, 2014
The S&P BSE benchmark Sensex snapped a three-week strong winning spree and dropped 476 points due to profit-booking from operators in view of expiry of the futures and options May contract and ahead of the Reserve Bank of India's policy review meet next week.


PTI
Mumbai, May 26, 2014
\"Rupee was seen approaching the levels of 59.00 today amid weak stock markets which were seen erasing the earlier robust gains posted during the session. Technically, a sustained closing above 58.80 will signal a bullish trend ahead for the USDINR pair,\" said Abhishek Goenka, Founder & CEO, India Forex Advisors.


PTI
Mumbai, May 23, 2014
Sustained capital outflows too weighed on the rupee while strong local equities limited the rupee fall to certain extent, a forex dealer said.


PTI
Mumbai, April 28, 2014
Weakness in local stocks also weighed on the rupee, while continued capital inflows and lower dollar overseas limited the rupee fall to a major extent, a forex dealer said.


PTI
Mumbai, April 26, 2014
The Met Department on Thursday said the monsoon is expected to be below normal in 2014 because of the El Nino effect, arising from the warmer-than-average sea surface temperature in the central and eastern tropical Pacific Ocean.


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