MUMBAI (Reuters) : The Indian rupee dropped to a record low in opening deals on Wednesday as a sharp rise in global crude oil prices over the last two sessions weighed on sentiment for the local unit.
The partially convertible rupee hit 73.34 per dollar in early trade, an all-time low, and sharply lower than its previous close of 72.91. At 0335 GMT, the rupee was trading at 73.30. Markets were closed on Tuesday for a local holiday.
The benchmark 10-year bond yield was up 6 basis points at 8.05 percent.
Oil prices firmed on expectations of a tighter market once U.S. sanctions start targeting Iran's petroleum industry from next month, although a strong dollar and rising U.S. crude supply curbed gains. Prices however remain at highest levels since November 2014.
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The Supreme Court of Sri Lanka has ordered the Election Commission to immediately proceed with the postponed Local Government Elections.
Ratnapura District Samagi Jana Balawegaya (SJB) MP Thalatha Athukorala has informed Parliament that she decides to resign from her position as Member of Parliament.
United Petroleum (UP) was launched in Sri Lanka today and will commence retail fuel operations in September with 150 dealer owned and operated fuel stations.
The ‘Easter Attack April 2019 – Victim Fund has received a total sum of Rs.231. 8 million as of August 21, 2024 , of which Rs.100 million was paid as compensation by former President Maithripala Sirisena as directed by the Supreme Court, the Office for Reparations said.
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