New Delhi: Global crude oil prices soared to a 13-year high on Monday as talk of the US and its European allies exploring a ban on Russian oil and tightening the sanctions on Moscow for its invasion of Ukraine sent shockwaves across financial markets around the world, posing a major risk to economies, including India.
Brent crude, a major import for India, surged to $139 a barrel—highest since July 2008. The sharp increase had a chilling impact on stock markets: the sensex shed over 2.7% or nearly 1,500 points to slump to a 7-month low of 52, 843. For the first time, the rupee too breached the 77-mark, before closing 80 paise weaker at 76.97/$.
Denne historien er fra March 08, 2022-utgaven av The Times of India Mumbai.
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Denne historien er fra March 08, 2022-utgaven av The Times of India Mumbai.
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