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Rupee continues downward spiral against dollar for fifth day

Nov 26, 2012

Rupee continues downward spiral against dollar for fifth day

The Indian rupee continued to decline against the American currency for the fifth day in the early trade on persistent dollar demand from banks and importers on the back of higher dollar in the overseas market. #Dollar #Rupee #CurrencyWatch #oil buyers
Bear insurance risk for crude shipments, India tells Iran

Mar 21, 2012

Bear insurance risk for crude shipments, India tells Iran

With Indian shipping firms uncertain whether they can continue transporting Iranian oil, state-run Indian Oil Corp and Hindustan Petroleum Corp have written to the National Iran Oil Corp asking the company to take on the insurance risk for their crude shipments. #Petroleum #Iran #PolicyWatch #Tehran #Sanctions #EU diplomats #oil buyers