The dollar index is used to measure the US currency’s strength against a basket of six currencies: the euro, Swiss franc, Japanese yen, Canadian dollar, British pound and Swedish krona.
BP already has a similar arrangement for ONGC’s flagship Mumbai High fields, but the latest move significantly expands its role, making it responsible for helping
India’s fertiliser subsidy bill could surge past a record ₹3 lakh crore this fiscal if the West Asia crisis continues, sharply exceeding the budget estimate
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