It rose from Rs 89.70 as on 31st October 2023 to Rs 111.25 recorded on 1st December 2023 which translates into an upside of 24% in a month. It has rallied more than 10% in a week.
Oil prices edged lower. Global production is expected to rise. Demand growth forecasts are weak. The US dollar strengthened. OPEC lowered its oil demand growth
US consumer price data was in line with expectations on a headline basis, although the annualized three-month core rate picked up. Overall, the numbers were
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