INSUBCONTINENT EXCLUSIVE:
By Subhadip Sircar and Saket SundriaForget Turkey and Argentina
speculation sanctions on Iran will shrink global supplies
The pace of the decline has analysts scrambling to revise forecasts, with Mizuho changing its year-end estimate to 70.50 from an earlier
The commodity is currently trading at $77.09 per barrel, a whisker below a three-year high of $80.50 reached in May.
Rising oil prices will
research note published Monday
Commerzbank is in the process of revising its rupee forecast and will probably lower it, he said.
Weakness in the rupee has fueled
speculation the Reserve Bank of India may revisit a policy employed in 2013 of opening a foreign-exchange swap window to meet the entire
of demand from the foreign-exchange market, according to a note from Kotak Mahindra Bank
It will help reduce currency volatility but also push down reserves, it said.
For now, state-owned refiners Indian Oil Corp., Bharat
