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You are here: Commodities Commodity News On August 12,the Reserve Bank of India`s (RBI) position rate for rupee devalued 0.86% besides US dollar at 46.94, contrasted to 46.54 on the preceding working day (August 11).

On August 12,the Reserve Bank of India`s (RBI) position rate for rupee devalued 0.86% besides US dollar at 46.94, contrasted to 46.54 on the preceding working day (August 11).

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On Wednesday, oil prices retreated for a second day as concern grows above whether consumers will pay out additional on energy in a sluggish economy.

On the New York Mercantile Exchange, Benchmark crude for September delivery cut down USD 2.23 to settle at USD 78.02 a barrel.

In September contracts, Nymex trading, heating oil  cut downhill 5.02 cents to settle at USD 2.0752 a gallon, gasoline slid 8.77 cents to settle at USD 1.9976 a gallon and natural gas settled upbeat 2.9 cents at USD 4.326 per 1,000 cubic feet.

On the ICE Futures exchange, in London, Brent crude crashed USD 1.96 to settle at USD 77.64. Sensex cascades 88 pts and IIP situate at 7.1%