₹5,000 per tonne to ₹1,300 per tonne. Simultaneously, SAED on diesel exports has been scaled down from ₹1 per litre to ₹0.50 per litre.
Read more.The GIFT Nifty is down 10 points from Nifty Futures’ Monday close, indicating a muted start for the Indian market.Oil traded near its highest close in two weeks as more companies shunned the Red Sea after a spike in vessel attacks along the key shipping conduit. West Texas Intermediate held above $72 a barrel after settling at its highest since 4 December.
Brent crude traded near $78. Prices jumped as much as 4% on Monday after BP said it would pause all shipments through the waterway and Equinor ASA said it was diverting vessels away.
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