Inflation Risks
As we move into the second half of the fiscal year, the Reserve Bank of India’s (RBI) forecast of a 4.5 per cent average inflation rate brings some optimism.
Crude oil futures fell by Rs 66 to Rs 4,027 per barrel on Thursday, 1 March, as speculators reduced their bets amid a weakening trend overseas.
At the Multi Commodity Exchange, crude for delivery in March dropped Rs 66, or 1.61 per cent, to Rs 4,027 per barrel in 4,365 lots.
Similarly, oil for delivery in April moved down Rs 64, or 1.56 per cent, to Rs 4,031 per barrel in 121 lots.
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Marketmen said the trading sentiment at futures trade dampened after crude oil prices eased in global market after US inventories rose by 3 million barrels last week.
Meanwhile, West Texas Intermediate (WTI) crude rose 0.13 per cent, to USD 61.72, while Brent crude slipped 0.05 per cent, to USD 64.70 per barrel on the New York Mercantile Exchange.
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