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Rupee Drops To 75.01 Vs Dollar Amid COVID-19

Rupee Vs Dollar: The rupee is down 4.24% against the dollar so far this year The rupee declined by 20 paise – or 0.26 per cent – to close at 75.01 against the US dollar on Monday. It moved in a range between 74.88 and 75.03 against the greenback before shutting shop near the lowest

India’s Fuel Demand Loses Steam, Slips In July After Two Months Of Gains

Fuel demand spiked in the last two months in India India’s refined fuel consumption in July slipped from June, according to preliminary industry data, indicating slower industrial activity as high retail prices, floods and renewed coronavirus lockdowns in parts of the country dented demand. Local fuel sales – a proxy for oil demand – plunged