Rupee weakens vs dollar as Fed official calls for faster tapering

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NEW DELHI: The rupee weakened against the US dollar on Monday as talk of a faster pace of bond tapering by the Federal Reserve fuelled a global strengthening of the greenback, dealers said. The partially convertible rupee opened at 74.3450 to a dollar on Monday, 0.15 per cent weaker than 74.2350 at the previous close. … Read more

Oil at 7-year high after OPEC+ decides on cautious increase

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FRANKFURT: Oil prices jumped Monday after OPEC and allied oil producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels per day in November. The decision Monday by the Vienna-based oil cartel tracks with its established schedule of adding back that amount of oil every … Read more