The sharp rise in crude oil prices emerged as the key driver of market sentiment during the week, with investors fearing higher energy costs could hurt corporate earnings, consumer demand, and economi ...
The Union Minister pointed out that petrol and diesel prices have also increased in several countries, including the United States, Germany, and Japan, due to global market fluctuations.
Sources said state-owned oil firms kept fuel prices unchanged for 11 weeks despite rising input costs, but raised them once operations became financially unsustainable.
The dollar index, which measures the greenback against a basket of six major currencies, was trading 0.22 percent higher at 98.51, pushing the rupee to its lowest level so far.
