General Trading Chat

timepass

timepass

Moderator
#71,052
#71,052
Riskyman said:
WTI crude is also up 2.2% at 72.25 USD today. Retails petrol prices in Mumbai have crossed the 90/- mark. 10 more to go and we can celebrate a century. Hows it in Surat?
Click to expand...
The meters at the petrol pumps aren't equipped to handle rate more than Rs. 99.99; so we can be sure that the petrol prices won't visit Rs. 100 in a hurry :D
 
Riskyman

Riskyman

Well-Known Member
#71,053
#71,053
timepass said:
The meters at the petrol pumps aren't equipped to handle rate more than Rs. 99.99; so we can be sure that the petrol prices won't visit Rs. 100 in a hurry :D
Click to expand...
Hahaha. I know. Just say someone ordered those meters to be tweaked in view of upcoming 2019 elections. Cant be loosing on home turf you see!! :p
 
D

Dr. Jan Itor

Well-Known Member
#71,055
#71,055
Btw on serious note, months ago OPEC and Russia had informally decided that $90 is a fair level for crude and were working towards it. China, US and Iran have only accelerated the process.

Also a few weeks back, Kaushik Basu also suggested that rupee depreciation is desirable and may be it is being done deliberately (non intervention), because rupee has been strengthening in real terms. 72-73 is where it will stabalise, as per him.
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
V My Views on the General Elections 2024 General Trading & Investing Chat 21
timepass General Elections 2024 General Trading & Investing Chat 122
S What are some general and basic price-volume action pattern one should know? General Trading & Investing Chat 1
sudoku1 #DAY/Positional trading/general chit chat corner# General Chit Chat 1
B generaltrading General Trading & Investing Chat 5

Similar threads