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Diesel under-recovery falls to Rs.5.49/litre

Diesel under-recovery falls to Rs.5.49/litre

The under-recovery, or revenue loss, on diesel for the second fortnight effective 16 April has been pegged lower at Rs.5.49 per litre from Rs.5.93 during the first fortnight of the month, the petroleum ministry said on Wednesday.

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Rupee falls to 60.37 against dollar

Rupee falls to 60.37 against dollar

The Indian rupee weakened to 60.37 against a dollar on Wednesday, registering a decline for the third straight session, as profit-taking by foreign investors in the stock markets put pressure on the local currency.

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Petrol prices cut by 70 paise a litre

Petrol prices cut by 70 paise a litre

State-run oil marketing companies are likely to cut petrol prices by less than Rs 1 a litre this week as appreciation in the value of rupee against the dollar has made imports cheaper. This will follow a 75 paise reduction in petrol rates on 1 April.

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Rupee weakens to 6.35 against dollar

Rupee weakens to 6.35 against dollar

The Indian rupee weakened to 60.35 against a US dollar Tuesday tracking losses in stock markets on poor inflation and factory output data. The partially convertible rupee was quoted at 60.31 against a dollar at the Interbank Foreign Exchange Markets here at 12.41 p.m., 14 paise weaker than its previous session’s close at 60.17. The value of rupee had dropped ...

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