Yuan unchanged at 6.4563 against the greenback
Crude oil hits October 2018 highs
Oil prices climbed to highs last seen in October 2018 on Monday as the United States and Iran wrangled over the revival of a nuclear deal, delaying a surge in Iranian oil exports, while investors eyed the outcome of the OPEC+ meeting this week. Brent crude for August had gained 22 cents, or 0.3%, to $76.40 a barrel by 0051 GMT while U.S. West Texas Intermediate crude for August was at $74.30 a barrel, up 25 cents, or 0.3%.
Q4 earnings today
Hindustan Aeronautics, National Aluminium Company, Graphite India, NLC India, IFCI, Triveni Turbine, Welspun Corp, Kiri Industries, Federal-Mogul Goetze, Tamilnadu Petroproducts, GIC Housing Finance, Brightcom Group, GFL and Federal Mogul Goetze are among the companies that will announce their March quarter results today.
India needs tax and regulatory consistency – Cairn pemedianetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pemedianetwork.com Daily Mail and Mail on Sunday newspapers.
Indian authorities asked state-run banks to protect their dollar deposits on concern they could be frozen if Cairn Energy Plc moves to seize India’s offshore assets as part of a tax dispute, according to people with knowledge of the matter. Lenders aren’t committing to US dollar purchases in the forwards market since this guidance last week, the people said, asking not to be identified discussing private deliberations. UK-based Cairn Energy can push authorities to impound Indian assets if India declines to honor an arbitration ruling in a $1.2 billion tax dispute, according to a letter the company sent to the Indian High Commission in the UK earlier this year.
Cairn Energy to file lawsuits in US, other nations to seize Indian govt assets origin-businesstoday.intoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from origin-businesstoday.intoday.in Daily Mail and Mail on Sunday newspapers.