Vienna [Austria], October 1 (ANI): Organization of the Petroleum Exporting Countries (OPEC) Plus is set to hold its meeting in Vienna next week, the first time since the COVID-19 pandemic began in 2020.

New Delhi [India], September 27 (ANI): Oil prices rose more than 1 per cent on Tuesday after declining to nine-month low a day earlier, amid the hint that the Organization of the Petroleum Exporting Countries (Opec+) -- the producer alliance -- may go for output reductions to prevent further collapse in prices. There were also indications of a possibility that the European Union may put a price cap on Russian oil.

New Delhi [India], August 30 (ANI): Indian currency rupee recovered from Monday's sharp depreciation and fell from its new all-time low as the Reserve Bank of India likely stepped in to defend the fall.

New Delhi [India], June 30 (ANI): Domestic equity indices traded marginally higher in the morning session on Thursday.

Mumbai Feb 22 PTI The rupee depreciated by 29 paise to close at 7484 against the US currency on Tuesday ending its five-day winning run as crude oil spiked nearly 4 per cent and equities dived after Russia recognised two separatist regions in eastern Ukraine and decided to send soldiers Forex traders said sustained foreign fund outflows a lacklustre trend in domestic equities and elevated crude oil prices weighed on investor sentiment At the interbank foreign exchange the rupee opened at 7471 against the American dollar but later dropped to a low of 7499 against the greenback The local unit was quoted at 7484 at close down 29 paise from the previous close Meanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies was trading 004 per cent lower at 9603 Russian President President Vladimir Putin has recognised the independence of separatist regions in eastern Ukraine - a move that will severely ratchet up tensions with the West amid fears that his country could invade Ukraine at any moment and use skirmishes as a pretext for an attack World leaders condemned the Russian President and prepared on Tuesday to hit his administration with sanctions fueling fears of disruption to oil and gas supplies The rupee has glided lower by around 050 per cent amid mounting tensions between Russia and Ukraine which has hurt the risk sentiments in the markets and led to significant outflows said Sugandha Sachdeva Vice President - Commodity and Currency Research Religare Broking Ltd Besides crude prices have soared to seven-year highs due to lingering supply worries which is dragging down the Indian rupee Sachdeva added Global oil benchmark Brent crude futures jumped 356 per cent to USD 9879 per barrel As of now the dollar looks to remain well bid owing to its safe-haven appeal in a backdrop of heightened geopolitical risks This shall keep the Indian rupee under pressure in the near-term We envisage near-term support at the 75 mark for the domestic unit a breach of which shall lead to further depreciation for the rupee-dollar exchange rate Sachdeva said Rupee slumped as crude oil rose amid worsening tensions between Ukraine and Russia The risk-off sentiments and RBIs sellbuy swap announcements also weighed on rupee said Dilip Parmar Research Analyst HDFC Securities Parmar further added that sentiments are expected to remain shaky on uncertainty over geopolitical worries Looking ahead simmering geopolitical risks and the Federal Reserve meeting will remain in the centre stage Parmar said According to Sriram Iyer Senior Research Analyst at Reliance Securities the rupee weakened against the dollar posting its biggest decline in nearly two weeks as the Russia-Ukraine standoff escalated and oil prices spiked The rupee tracked other Asian currencies and broad dollar strength as well as a decline in equities across the region amid risk aversion Iyer said On the domestic equity market front the 30-share Sensex ended 38291 points or 066 per cent lower at 5730068 while the broader NSE Nifty settled down 11445 points or 067 per cent at 1709220 Foreign institutional investors remained net sellers in the capital market on Monday as they offloaded shares worth Rs 226190 crore as per stock exchange data PTI DRR MR MR