Shares of Hindustan Petroleum Corporation (HPCL) went up 3.7%, Bharat Petroleum Corporation (BPCL) gained 3.6% and Indian Oil Corporation (IOC) rose 2.7%.
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation