{"id":567982,"date":"2023-04-05T09:31:47","date_gmt":"2023-04-05T04:01:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=567982"},"modified":"2023-04-05T09:47:24","modified_gmt":"2023-04-05T04:17:24","slug":"rupee-weakens-against-dollar-after-opec-supply-cut-recovers-later","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rupee-weakens-against-dollar-after-opec-supply-cut-recovers-later\/","title":{"rendered":"Rupee weakens against dollar after OPEC+ supply cut, recovers later"},"content":{"rendered":"<p>The rupee weakened against the dollar on the first trading day of the new financial year after crude oil prices jumped following a surprise production cut by Opec+ &#8212; a grouping comprising major petroleum producers, including Saudi Arabia and Russia. <\/p>\n<p>The Indian unit opened weaker at 82.47 versus the dollar, against the previous close of 82.18; it recovered later as the dollar index declined. The rupee closed the day at 82.33 to a dollar, 15 paisa lower than the previous close.<\/p>\n<p>\u201cThe Indian currency was under pressure due to surging oil prices but recovered subsequently as the dollar index fell from a high of 102.90 to 102.45,\u201d said Anil Kumar Bhansali, head of treasury, Finrex Treasury Advisors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The rupee weakened against the dollar on the first trading day of the new financial year after crude oil prices jumped following a surprise production cut by Opec+ &#8212; a grouping comprising major petroleum producers, including Saudi Arabia and Russia. The Indian unit opened weaker at 82.47 versus the dollar, against the previous close of 82.18; it recovered later as the dollar index declined. The rupee closed the day at 82.33 to a dollar, 15 paisa lower than the previous close. \u201cThe Indian currency was under pressure due to surging oil prices but recovered subsequently as the dollar index fell [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-567982","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/567982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=567982"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/567982\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=567982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=567982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=567982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}