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On Thursday, the OPEC+ group of producers, including Russia, agreed to stick to its output strategy after two days of meetings. However, the producer club avoided discussing policy from September onwards.

New U.S. data for May showed little immediate relief from the record pace of inflation pushing the Federal Reserve toward another oversized interest rate increase next month, but it did add to a developing sense that the worst may be over

Valuation gains due to the appreciation of the US dollar vis-à-vis Indian rupee and major currencies such as yen, SDR, and euro were placed at $ 11.7 billion. Excluding the valuation effect, external debt would have increased by $ 58.8 billion instead of $ 47.1 billion at end-March 2022 over end-March 2021.

Tata Cliq has exited the consumer electronics category, which formed 50-55% of its business, and its consumer electronics, smartphones and appliances division has been integrated with Croma, Tatas’ flagship consumer electronics retail chain, officials said.

The company plans to raise funds comprising fresh issues aggregating up to Rs 200 crore and an offer for sale of up to 56,252,644 shares.

The rupee had breached the psychologically significant level of 79 per dollar level for the first time ever on Wednesday and has also hit a series of lifetime lows this month."The near-term outlook remains bearish for the rupee amid foreign fund outflows and risk-averse moods. Spot USD-INR is having support at 78.38 and resistance at 79.10.

"The Company is unable to service its obligations in respect of the interest on Non-Convertible Debentures...," FEL said. This is the fifth default in June by the Kishore Biyani-led Future Group firm.

OPEC+, which includes Russia, confirmed the decision from its last meeting. Before that, it had been adding about 432,000 barrels per day monthly to put oil back on the market after cutting production dramatically during the height of the pandemic.

“Monthly active users (MAU) on Indian capital markets from the 2022 RBI financial stability report. This is the first time I am seeing this data in public. MAUs

The Dow Jones Industrial Average fell 239.31 points, or 0.77%, at the open to 30,790.00.