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Featured News
India's edible oil imports dip 7 pc to 15.44 lakh ton in Sep: SEA
India's edible oil imports fell by 7 percent in September, totaling 15.44 lakh tonnes. The decline was attributed to a sharp decrease in crude sunflower oil shipments, which dropped significantly. However, total edible oil imports increased by 3 percent for the first eleven months of the oil year. Refined oil imports saw a notable decline, while crude edible oil imports rose substantially during the same period.
Rupee strengthens to 95.05 a dollar while forward premiums hit four-year high amid RBI measures
The rupee concluded the day on Thursday with a gain of 10 paise, reaching 95.05 against the dollar. This strengthening occurred as forward premiums climbed to levels not seen in more than four years, creating a climate of uncertainty. The Reserve Bank of India took actions that impacted substantial forex derivatives, elevating hedging expenses.
