Oil Rises on US Crude Stocks Fall and Possible Delay to OPEC Hike

LONDON, Sept 5 Reuters Oil firmed on Thursday, edging up from multimonth lows on a possible delay to output increases by OPEC producers and a decline in U.S. inventories, though the gains were capped by persistent demand concerns. Figures from the American Petroleum Institute API showed U.S. crude oil inventories fell by 7.431 million barrels […]
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RBI to Keep Rupee in Narrow Trading Range, Reuters Poll

BENGALURU, Sept 5 Reuters The Indian rupee will be confined to a narrow trading range against the U.S. dollar over the coming year as the Reserve Bank of India continues to intervene in the market to shield the currency from volatility, a Reuters poll of FX analysts showed. The dollar fell more than 2 against other major […]
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Sterling Treads Water as Dollar Braces for US Jobs

LONDON, Sept 5Reuters The pound held steady on Thursday, heading for a modest weekly gain versus the dollar, ahead of U.S. employment data that could set the tone for currency markets for the weeks and months ahead. The euro , which hit a onemonth low against the pound last week, headed for its firstly weekly […]
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