Petrol Price In Trichy Today

  • Today's Petrol Price ( 21 Oct 2019 )
    ₹ 76.64
    Current Petrol Price Per Litre
    Compare Petrol Price in Trichy (Today & Yesterday)
    Today
    (21 Oct 2019)
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    (20 Oct 2019)
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    Petrol ( / litre) ₹ 76.64 ₹ 76.64 ₹ 0 ↑
    Petrol Price in Trichy - Last 10 Days Data
    Date Petrol ( / litre)
    21 Oct 2019 ₹ 76.64
    20 Oct 2019 ₹ 76.64
    19 Oct 2019 ₹ 76.64
    18 Oct 2019 ₹ 76.64
    17 Oct 2019 ₹ 76.64
    16 Oct 2019 ₹ 76.64
    15 Oct 2019 ₹ 76.64
    14 Oct 2019 ₹ 76.69
    13 Oct 2019 ₹ 76.69
    12 Oct 2019 ₹ 76.69

    Petrol Rate Trend

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    Petrol Prices in Tiruchirappalli

    Tiruchirappalli, also called as Trichy, is the fourth biggest municipal corporation in Tamil Nadu. The population of the city as per the latest census was 1,129,422. The petrol users in the city are more in number like other notable cities in Tamil Nadu. The city also has a good number of petrol stations spread across all regions. The petrol price is one of the widely debated topics. The current fiscal year has witnessed many changes with respect the fuel retailing sector. Let’s discuss them in detail:

    Introduction of Dynamic Fuel Pricing

    How are petrol prices in Trichy updated? Many people do not know that fuel rates in the city are revised on a daily basis under dynamic fuel pricing, which was introduced in India on 16 June 2017. This new fuel pricing mechanism was implemented throughout the country after running a 40-day pilot in five Indian cities. The United States of America and Australia also revise fuel rates under dynamic fuel pricing, which is believed to bring transparency in fuel pricing.

    Therefore, all petrol dealers in Trichy have begun revising fuel rates (diesel and petrol) on a daily basis in sync with the currency conversion rate (INR/USD) and worldwide crude oil prices. Currencies are traded in the foreign exchange market (Forex market), which is highly volatile in nature. The benefit of using dynamic fuel pricing is that the regular variations in the INR/USD rate and crude oil prices can be instantly transmitted to end customers.

    The price revision is done at 06:00 a.m. every day. The next day’s fuel price will be informed to dealers at

    08:00 p.m. every day. Since the daily revision encourages the automation drive, the daily revision is automatically done in automated bunks. All non-automated petrol stations will manually revise fuel rates. Petrol consumers from Trichy can easily trace the latest petrol price as oil marketing companies such as Indian Oil, Bharat Petroleum and Hindustan Petroleum have created mobile applications.

    Quarterly Petrol Price Trend in Trichy between January and March 2019

    January February March
    Opening date price Rs.71.86/litre Rs.74.08/litre Rs.75.03/litre
    Closing date price Rs.74.33/litre Rs.74.92/litre Rs.76.08/litre
    Highest price Rs.74.52/litre recorded between 22ndth and 28th Rs.74.92/litre recorded on 28th Rs.76.14/litre recorded on 24, 25th, 26th and 27th
    Lowest price Rs.71.54/litre recorded on 4th, 5th and 6th Rs.73.43/litre recorded on 11th, 12th and 13th Rs.75.03/litre recorded on 1st, 2nd and 3rd
    Trend Upward Upward Upward
    % Change 3.43% 1.13% 1.40%

    Quarterly Petrol Price Trend in Trichy between October and December 2018

    October November December
    Opening date price Rs.87.61 a litre Rs.83 a litre Rs.75.83 a litre
    Closing date price Rs.83.19 a litre Rs.76.20 a litre Rs.71.86 a litre
    Highest price Rs.87.87 a litre booked on 4th of October Rs.83 a litre booked on 1st of November Rs.75.83 a litre booked on 1st of December
    Lowest price Rs.83.19 a litre booked on 30th of October Rs.76.20 a litre booked on 30th of November Rs.71.86 a litre booked on 31st of December
    Trend Downward Downward Downward
    % Change -5.04 -8.19 -5.23

    Petrol Price Trend in Trichy between October and December 2018

    • In October, petrol prices in Trichy have been revised on the basis of the daily changes in oil rates and the exchange rate of the dollar against the rupee.
    • The cost of a litre of petrol decreased by 2.31% in the first week, 1.09% in the second week, 0.88% in the third week and 1.39% in the last week of October in Trichy.
    • The highest price was noted at Rs.87.87 a litre in the first week, while the lowest price was registered at Rs.83.19 a litre in the last week.
    • On 5 October, the price was reduced by Rs.2.5 per litre by state-owned oil companies as the excise duty on petrol per litre was cut by Rs.2.5 by the Centre on 4 October.
    • Unlike BJP-led governments in India, the State Government of Tamil Nadu did not reduce its VAT on diesel. In BJP-led states, both diesel and petrol rates declined by Rs.5 per litre on 5 October.
    • At IOCL petrol pumps in Trichy, the price was revised to Rs.83 a litre on 1 November after the daily revision.
    • Compared to the previous day’s price, the price offered on 5 November was up by 63 paise per litre.
    • Under dynamic fuel pricing, the price was Rs.82.04 a litre on 6 November. The same price was extended until 11 November.
    • The degree at which fuel prices in Trichy have fallen in November is higher than the previous month.
    • Since the cost price of petroleum per barrel has fallen by over $12 over the first two months of the quarter, petrol rate has fallen by over Rs.11 per litre during the same tenure.
    • On 1, 2 and 3 December, petrol prices stood at Rs.75.83 a litre, Rs.75.50 a litre and Rs.75.17 a litre respectively.
    • In the week 2, week 3 and week 4 of December, petrol prices were slashed by 72 paise per litre, 18 paise per litre and 96 paise per litre respectively.
    • Triggered by a $20 fall in the price of crude oil per barrel during the quarter, petrol rates in Trichy were down by Rs.15.75 to Rs.71.86 during the same period.
    • The lowest price stood at Rs.71.86, while the highest price stood at Rs.87.87 a litre for the whole quarter.

    Other Benefits of Dynamic Fuel pricing

    The following are the additional benefits of the daily revision mechanism:

    • Bunk owners can deploy the industry best inventory management principles.
    • Bunk owners can efficiently and effectively manage their working capital.
    • The Indian fuel retailing sector can be aligned to global markets.

    Quarterly Petrol Price Trend in Trichy between July 2018 and September 2018

    July August September
    Opening date price Rs.78.94 a litre Rs.80.08 a litre Rs.82.12 a litre
    Closing date price Rs.79.78 a litre Rs.82.12 a litre Rs.87.09 a litre
    Highest price Rs.80.70 a litre recorded on the 11th Rs.82.12 a litre recorded on the 31st Rs.87.09 a litre recorded on 28th, 29th and the 30th
    Lowest Price Rs.78.94 a litre recorded on the 1st Rs.79.91 a litre recorded on the 2nd Rs.82.12 a litre recorded on the 1st and 2nd
    Trend Upward Upward Upward
    % Change +1.07% +2.55% +6.05%

    Petrol Price Trend in Trichy in July 2018

    • Petrol and diesel prices in the country are revised on a daily basis by State-run oil marketing firms based on the dynamic fuel pricing mechanism.
    • Under this pricing mechanism, the retail price of petrol in Trichy is arrived by including the global crude oil price and the exchange rate of the rupee over the U.S. dollar.
    • On the 1st of July, the petrol price in Trichy stood at Rs.78.94 per litre - the lowest price recorded in Trichy for the month.
    • Prices were hiked in the first and second weeks and the highest petrol price in Trichy was recorded on the 11th when a litre was sold at Rs.80.70 a litre.
    • Over the next weeks, prices declined in the city; however, it did not breach the opening price of the month.
    • The closing petrol price in Trichy stood at Rs.79.78 a litre, an increase of 84 paise per litre when compared to the opening price.
    • The petrol price trend in Trichy during July grew by 1.07% attributed to the marginal increase in the global crude oil price.

    Petrol Price Trend in Trichy in August 2018

    • In accordance with the daily revision of fuel prices, the petrol price in Trichy on the 1st of August was hiked by 30 paise per litre to be sold at Rs.80.08.
    • Prices were reduced on the 2nd by 17 paise per litre when a litre was sold at Rs.79.91 per litre - the lowest petrol price in Trichy for the month.
    • During the course of the first and second months, petrol prices in Trichy inclined in tandem with the rise in crude oil prices in the international market.
    • The increase in the global crude oil prices was primarily due to geopolitical tensions between the U.S. administration and Iran after the former pulled out of the Iran nuclear deal.
    • Due to the geopolitical tensions, the oil supply from Iran lowered leading to the increase in crude oil prices in the market.
    • Prices continued to increase over the fourth week to touch the highest petrol price in Trichy when a litre was sold at Rs.82.12 on the 31st of the month.
    • Overall, the petrol price in Trichy inclined by 2.55% attributed to the hike in crude oil prices in the global market.

    Petrol Price Trend in Trichy in September 2018

    • On the 1st of September, the petrol price in Trichy stood at Rs.82.12 per litre, same as the previous day, which was kept unchanged until the 2nd of the month. This was also the lowest petrol rate registered during the month in the city.
    • Prices continued to soar during the first and second weeks due to escalating geopolitical tensions between the U.S. and Iran.
    • Even as the U.S. administration was ready with sanctions on Iran, the supply declined prompting fuel prices to grow significantly across the globe.
    • The global crude oil price rose to touch a four-year high of $80 per barrel which resulted in record petrol prices in the country.
    • Additionally, the rupee declined to its lowest at Rs.72 over the dollar which influenced the record levels of petrol prices in Trichy.
    • Both these factors led to the highest petrol price in Trichy for the month when a litre of the fuel was sold at Rs.87.09 on the 28th and was kept unchanged until the 31st of the month.
    • The petrol price trend in Trichy for the month of September reflected an upward trend of 6.05% mainly due to geopolitical tensions coupled with the record depreciation of the Indian currency over the U.S. dollar.

    Quarterly Petrol Price Trend in Trichy Between April and June 2018

    April May June
    Opening date price Rs.77.09 a litre (As on 2nd) Rs.78.13 a litre (As on 14th) Rs.81.81 a litre
    Closing date price Rs.77.94 a litre (As on 24th) Rs.81.86 a litre Rs.78.92 a litre (As on 26th)
    Highest price Rs.77.94 a litre recorded on 24th Rs.81.95 a litre recorded on 29th Rs.81.81 a litre recorded on 1st
    Lowest price Rs.77.09 a litre recorded on 2nd Rs.78.13 a litre recorded on 14th and 18th Rs.78.92 a litre recorded on 26th
    Trend Upward Upward Downward
    %Change +1.11% +4.78% -3.54%

    Petrol Price Trend in Trichy in April 2018

    • Fuel prices in India are revised every day by State-run oil marketing companies such as Bharat Petroleum, Indian Oil and Hindustan Petroleum.
    • Fuel companies fix petrol prices based on the crude oil rate and the currency exchange value of the US dollar over rupee. This form of pricing is known as the ‘Dynamic Fuel Pricing’ mechanism.
    • On the 2nd of the month, petrol was sold at Rs.77.09 per litre. This is also the lowest petrol price for the month in Trichy.
    • In the first and second weeks, petrol prices were revised daily with a slight increase influenced by the marginal increase in the global crude oil rate.
    • Since India imports, more than 80% of crude oil, any fluctuations in crude oil prices lead to an immediate increase or decrease in petrol prices in the country.
    • By mid-April, the petrol price in Trichy rose by 21 paise per litre affected by the incline in the global crude oil rate.
    • Over the course of the month, the petrol price trend in Trichy reflected an upward trend of 1.11% largely influenced by the rise in crude oil prices in the global market.

    Petrol Price Trend in Trichy in May 2018

    • Until the 11th of the month, State-owned oil companies kept petrol and diesel prices unchanged as the global crude oil rate remained steady.
    • On the 14th of the month, fuel companies revised the petrol price in Trichy and increased it to Rs.78.13 per litre. This is also the lowest petrol price for the month in the city.
    • By the end of the second week, petrol prices in Trichy rose by nearly Rs.2 per litre on account of an increase in oil prices in the international market.
    • The global crude oil price increased sharply due to a possible shortage in supply of crude oil in the backdrop of geopolitical tensions.
    • The Trump administration unilaterally pulled out of the nuclear deal with Iran which led to geopolitical fears of a shortage in supply of oil from Iran.
    • Iran accounts for nearly 4% of global crude oil supplies which is about 2.4 million barrels a day. Crude oil prices moved upwards sharply which led to the rise in petrol prices in the country.
    • Petrol prices in Trichy increased to touch an all-time high of Rs.81.95 per litre on the 29th of the month as the rate for a barrel of crude oil retailed at $80.
    • The hike in petrol prices was implemented across the country and every city witnessed a sharp increase in fuel prices.
    • The petrol price trend in Trichy during the month reflected a significant increase of 4.78% impacted by the sharp incline in crude oil rates in the international market.

    Petrol Price Trend in Trichy in June 2018

    • With oil prices on a high across the globe, the members of the Organisation of Petroleum Exporting Countries (OPEC) and its key ally Russia decided to meet on the 22nd of the month to tackle the rising oil prices.
    • On the 1st of the month, the petrol price in Trichy stood at Rs.81.81 per litre - the highest petrol price for the month in Trichy.
    • Fuel companies continued to revise petrol prices in the city every day in tandem with the crude oil rates. During the first week, petrol prices fell by 70 paise per litre in the backdrop of a reduction in crude oil prices.
    • By mid-June, petrol prices in Trichy fell by nearly Rs.2 per litre as the global crude oil price declined marginally and fuel companies decided to pass on the benefit to consumers.
    • The OPEC and Russia met on the 22nd and agreed to increase oil production to allay fears of a potential shortage of crude oil in the international market.
    • Petrol prices continued to fall significantly during the fourth week to post the lowest petrol price in Trichy for the month at Rs.78.92 on the 26th of the month.
    • The petrol price trend in Trichy during the month reflected a downward trend of 3.54% largely due to the increase in the supply of crude oil in the global market which led to the fall in crude oil rates.

    Petrol Price in Trichy

    After the daily revision on 6 November 2017, petrol was priced at Rs.72.77 per litre. The fuel price was above Rs.72.50 per litre since the beginning of the month. The central excise duty charged by the central government was lowered by Rs.2.00 per litre on 3 October 2017, and thus petrol prices in Tiruchirappalli were down by Rs.2 per litre after 4 October 2017.

    Petrol Prices in Trichy Monthly Reports (per litre)

    Petrol was priced at Rs.69.79 on the first day of April 2017 and was priced at Rs.71.70 on the opening day of May 2017. The fuel rate further reduced to Rs.70.45 on 1 June 2017. On the opening day of July 2017, the fuel price was the lowest. On 1 August 2017, the petrol price was less than Rs.69. On the first day of September 2017, the fuel was sold at Rs.72.31.

    Petrol Price Comparison (per litre)

    Let’s consider the five prime cities in India to make a comparative study. On 6 November 2017, the petrol price in Bangalore, which is the capital city of Karnataka, was Rs.70.77 after the daily revision. In Mumbai, the capital city of Maharashtra, the fuel was priced at Rs.76.77, and in Kolkata, the capital city of West Bengal, the fuel was sold at Rs.72.44. In Chennai, the capital city of Tamil Nadu, the fuel price was Rs.72.23.

    Since the Value-added Tax (VAT) Structure varies from state to state, the fuel is priced differently in different cities. As on 4 October 2017, the state VAT imposed on petrol in Tamil Nadu was 34%. In Maharashtra, it was 47.94%. In Karnataka, it was 30%. Similarly, the VAT levied on petrol was 26.87% in West Bengal. The higher the state VAT, the higher will be the petrol price. The lower the state VAT, the lower will be the petrol price.

    How are Petrol Prices in Trichy Computed?

    The price paid by consumers is the final price that includes the following elements:

    Cost of crude oil: Petrol is a derivative of crude oil, which is exported by foreign oil companies. Crude oil is transacted in overseas markets since it is an international commodity. The price should be paid in US dollars. The cost of crude oil incurred by Indian oil marketing companies is influenced by weather conditions, seasonal variations, the demand and supply for oil and the global economics. As on 6 November 2017, the price of WTI Crude was $55.95 per barrel.

    Taxes: Almost 50% of the retail selling price is formed by taxes. Petrol is taxed at the state and central levels. The retail selling price includes the central excise duty of Rs.19.48 per litre and the 34% state VAT levied by the state government.

    OMC expenses: All types of expenses incurred by oil marketing companies (OMCs) are included in the final price. The expenses incurred by OMCs include marketing costs, refinery transfer price, operational costs, the profit margin of OMCs, freight charges and entry taxes. Other components include the commission charged by dealers and pollution cess.

    Factors affecting Petrol Price in Trichy

    The cost of crude oil, the exchange rate of INR/USD and taxes will affect the petrol prices in Trichy. On a contractual basis, crude oil is imported. So, variations in the exchange rate will impact crude oil prices that in turn affect petrol rates. The central excise duty was reduced to Rs.19.48 per litre on 3 November 2017. As a result, the fuel price was down by over Rs.2.00 per litre in Trichy. It means that ups and downs in the taxes collected by the state and central governments will influence the fuel price.

    Impact of GST on Petrol Costs in Trichy

    In India, the Goods and Services Tax (GST) was introduced in July 2017. It is a complete, unified tax system applicable to various types of commodities and services. Unlike other products, petrol has been exempted from GST. Therefore, GST rates have no impact on petrol prices. The fuel price will fall by at least 30-35% if GST is imposed on the fuel. The implementation of GST affects the revenue of the government. The complete oil and natural gas industry does not fall under the purview of GST.

    Also Check Petrol Price in NearBy Cities of Trichy

    Petrol Price in Chennai Petrol Price in Bangalore Petrol Price in Madurai
    Petrol Price in Visakhapatnam Petrol Price in Pondicherry Petrol Price in Dindigul

    *Disclaimer: BankBazaar makes no guarantee or warranty on the accuracy of the data provided on this page, the prevailing prices are susceptible to change and provided on an as-is basis. We accept no liability for any loss arising from the use of the data contained on this website.

    News about Petrol Price In Trichy

    • Volatility in Crude Prices to Figure in the Discussions During Pompeo’s Visit

      The volatility in crude oil prices in the global market and its impact on Indian consumers is likely to figure in the discussions during US secretary of state Michael Richard Pompeo’s visit to India. The visit comes amid escalating tensions in the Persian Gulf with US hardening curbs on Iran as well as due to supply cuts led by the Organisation of the Petroleum Exporting Countries (OPEC) and its allies. Among Iran’s top oil buyers, India imports about 23.5 million tonnes in 2018-19. However, with the US’s conditional waiver for Iranian oil imports to eight countries, including that of India, expiring on 2 May 2019, India has seized all oil imports from Iran. While importing crude from other nations is not an issue for India, the price at which it must buy from them will certain impact the country’s economy. India imports more than 80% of its crude requirements and 18% of natural gas, higher fuel prices will negatively impact the inflation and the country’s economic growth. Meanwhile, in a first, Indian Oil Corporation (IOC), the country’s largest oil company, has also signed two term contracts for import of 4.6 million tonnes of US crude for 2019-20 from Norway’s Equinor ASA and Algeria’s Sonatrach. Additionally, India will source liquified natural gas and oil from the US, with Indian companies investing $4 billion in US shale gas assets.

      27 June 2019

    • Diesel and petrol prices increased for the fifth consecutive day

      Fuel prices continued to increase for the fifth consecutive day in metro and other major cities in India. As per the daily revision system, petrol price per litre in Mumbai went up by 19 to Rs.76.77 and diesel price per litre by 28 paise per litre to Rs.68.81. While petrol rate in Delhi per litre increased by Rs.1.02 to Rs.71.14, diesel price per litre accelerated by 26 paise to Rs.65.71. Fuel prices have increased in sync with the price revision of crude oil. The pricing of petrol and diesel in India is based on the fluctuations in the exchange rate and overseas oil rates as India imports oil from oil-producing countries. 

      23 January 2019

    • Petrol Prices Extended to Diminish on Sunday

      Petrol rates extended to diminish on Sunday, 9 December 2018. They were downfallen by 15-20 paise per litre in several cities of India. On Sunday, petrol prices per litre were down to Rs.70.55 per litre from Rs.70.70 per litre and likewise in Mumbai, they were down to Rs.76.13 per litre from Rs.76.28 per litre. In the capital city of Tamil Nadu, Chennai, petrol was priced at Rs.73.18 a litre.

      The fuel price was down by 12 paise per litre to Rs.70.36 in Noida. The record high price was registered in the month of October. Since then, petrol rates have fallen by 15% caused by a downfall in the prices of crude oil per barrel. Since early October, unrefined oil rate per barrel slashed by 30%. On Friday, overseas Brent crude oil futures slid below $60 per barrel.

      10 December 2018

    • High Petrol and Diesel Prices Pushes WPI Inflation to 5.28%

      Inflation based on wholesale prices inclined to a four-month high of 5.28% in October, primarily due to the increase in fuel prices, even as food prices declined. The Wholesale Price Index (WPI) based inflation was at 5.13% in September and 3.68% in October 2017. As per the government data released today, food items witnessed a decline in prices with deflation at 1.49% in October compared to 0.21% in September. Vegetable prices declined with deflation at 18.65% in October as against 3.83% in the previous month. Inflation in fuel and power in October increased by 18.44% in October compared to 16.65% in the previous month. While petrol and diesel were at 19.85% and 23.91% respectively, and Liquefied Petroleum Gas (LPG) was at 31.39% in October. As for food articles, potato rates continued to peak at 93.65% inflation in October, while onion observed deflation of 31.69% and pulses at 13.92%. The 5.28% inflation is the highest in four months since it touched 5.68% in June this year. The retail or consumer price index (CPI) based inflation data is in contrast to the WPI inflation. The October CPI inflation has declined to a year low of 3.31%.

      16 November 2018

    • Petrol and Diesel Prices Witness a Decline for the Third Consecutive Day

      State-run oil firms cut petrol and diesel prices for the third consecutive day across four major metro cities in the country. While petrol prices in Delhi have been cut by 39 paise per litre, in Mumbai its cut by 38 paise. With the revision, petrol costs Rs.81.99 per litre in Delhi and Rs.87.46 in Mumbai. Meanwhile, diesel costs Rs.75.36 per litre in Delhi, while in Mumbai its retailed at Rs.79.00. The drop in fuel prices comes after relentless hikes in the last two months as global crude oil prices continued to soar to record levels. Benchmark Brent Crude was trading at a four-year high of $86.74 compared to $79.74 today. The decline in the crude oil price is due to the increase in the stockpiles in Amercian oil inventories. The new rates are effective from 6:00 am IST today across all cities in the country.

      22 October 2018

    • Mumbai Records the Highest Ever Fuel Price of all Metro Cities

      The media has been ripe with news that fuel prices have been rising steadily over the last few days with petrol and diesel - the most consumed fuel - prices have been increasing on a day to day basis. Of all the metro cities in India, Mumbai has recorded the highest ever prices in the country - with petrol rates holding in the Rs.86+ range while diesel prices touching the Rs.75+ range.

      A falling rupee and the rising crude oil prices are the prime reason behind the increase in fuel prices, which has also caused a lot of problems to the common man.

      On Monday, petrol prices in Mumbai hit Rs.86.25 per litre - which is not just the highest in the country- but also the highest ever since the Rs.86.24 recorded on May 29. Condemning the rising prices, many political parties have also staged protests against the central government and the mishandling of the situation.

      The Indian rupee too is being devalued significantly against the US dollar which has now reached Rs.71 and inflation numbers have also seen increases in the last few days.

      11 September 2018

    • Fuel Rates to Increase Sharply in Sync with Crude Oil Rates

      Consumers may expect a sharp rise in fuel rates after reducing or remaining steady over the last month since the cost of unrefined oil has gone up and the Indian rupee has fallen against the USD. Even though international crude oil rates have soared up to $3 barrel per day, state-run fuel companies have not changed both diesel and petrol rates. Since 21 June 2018, the crude oil rate has increased by $6 per barrel and reached $79.5 per barrel since the United States of America (USA) is looking for stronger acquiescence of its sanctions versus Iran.

      An association of key oil-extracting nations to increase the throughput by a million barrels a day is considered as inadequate to match the increasing the demand for crude oil. Crude oil rates remained high so far this year owing to the increased demand and an artificial distribution by key oil-exporting nations headed by Russia and Saudi Arabia. A depreciated rupee has started to harm the economy in India and its consumers. The INR has depreciated to Rs.69 against the USD over the last one week.

      4 July 2018

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