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Cairn India shares rise tracking crude gains, rupee fall

Source : REUTERS
Last Updated: Mon, Nov 11, 2013 07:26 hrs
​brent

Shares in Cairn India Ltd gain 2.3 percent after Brent oil futures rebound from a nearly four-month low, while the rupee hits nearly two-month low versus the U.S. dollar

Higher crude oil prices and a weaker rupee help oil exploration firms such as Cairn India, which sells crude in dollars, analysts say.

Brent crude edged towards $106 a barrel in Asia, after gaining nearly $2 per barrel on Friday as traders covered short positions, while Iran and six world powers failed to reach a deal on Tehran's nuclear programme.


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