Pre. Settlement | N/A |
Settlement date | 2023-09-27 |
Open | 2.6380 |
Bid | 2.6440 |
Last price | 2.6390 |
Day's range | 2.5520 - 2.6630 |
Volume | |
Ask | 2.6460 |
India's oil demand has been resilient in the face of rising crude prices, and demand is expected to pick up toward the end of the year
The Federal Reserve's recent decision to maintain record-high interest rates, the highest in over 20 years, has triggered significant market reactions including some of the most substantial treasury yields seen in more than 15 years. This decision suggests a sustained period of high rates, causing apprehension about the forthcoming fiscal year.
The magnitude of oil's increase is small compared to periods in 2008 and the first half of 2022, Goldman says.