Oil rises over 3% but set for biggest weekly thumping since 2008
By Ritu, Capital Sands Oil prices were set for their worst weekly drubbing since the 2008 financial crisis, despite rising over 3% on Friday, as investors fretted over evaporating demand from the coronavirus pandemic and a production ramp-up by top producers. Brent crude was up $1.12, or 3.4%, at $34.33 a barrel by 0728 GMT […]
India’s retail inflation moderates, paves way for RBI action
By Administrator_India Capital Sands India’s retail inflation eased to a two-month low in February, helped by a smaller increase in food prices, paving the way for a potential interest rate cut by the central bank amid concerns of economic activity losing steam due to the coronavirus. Inflation rose to 6.58%, but remained above the Reserve […]