The rupee had shed 9 paise to end at 64.13 on Friday.
Subir Raha, the former chairman and managing director of Oil and Natural Gas Corp, has been short-listed for the prestigious "Energy Executive of the Year" award instituted by London-based renowed energy journal 'Petroleum Economist'.
Apart from this, state refiners are looking at optimising crude oil inventory levels without in any way affecting fuel supplies in the domestic market.
Economics and politics both have major roles in determining oil prices.
Sensex ends belowe 26,800 on domestic concerns.
The dollar index eased 0.05 per cent to 98.69.
The rupee edged higher by three paise to 66.46 against the US dollar in early trade on Wednesday.
Crude oil futures again flirted with the $60 a barrel mark Friday as prices rose on speculative buying and fears of supply disruptions due to refinery glitches.
Emissions would still keep rising till 2030, and the path towards global warming would improve to 2.7c.
The 6-member Monetary Policy Committee, headed by Reserve Bank of India Governor Urjit Patel, in its fifth bi-monthly review, kept the repo rate unchanged at 6 per cent and reverse repo at 5.75 per cent.
Top gainers include Yes Bank, HUL, Vedanta, NTPC, Bharti Airtel, Adani Ports, PowerGrid and Tata Motors, rising up to 5 per cent.
Balance with the United Kingdom shifted from a deficit of $0.5 billion to a surplus of $0.5 billion in March
NSE Nifty, after shuttling between 10,809.60 and 10,725.90, finished 30.95 points, or 0.29 per cent lower at 10,741.10.
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Rupee ends flat after hitting 9-1/2 month low.
The NSE Nifty ended 89.40 points, or 0.83 per cent, lower at 10,710.45.
Various global and domestic factors had a sizable impact on the performance of the Indian markets
An analysis of year-wise movements of average global crude oil prices versus India's GDP reveals no inverse correlation, contrary to wide belief.
The rupee weakened even as the dollar fell against major global currencies
Inflation shed another 0.12 per cent to tick eight months' low of 5.25 per cent for the week ended January 29, despite costlier fruits and vegetables.
The S&P BSE Sensex shed 286 points to close at 24,539 and the Nifty50 lost 100 points to end at 7,456.
A stronger dollar makes oil more expensive because it raises the cost for imports for most of the world's countries
The rupee on Friday snapped its two-day gaining streak against the US dollar.
Prices are sustainable and not just driven by speculative gains
Brent hit a session high of $114.69 a barrel, its loftiest since September last year.
The value of oil has dropped by 30 per cent in a week, having peaked at nearly $40 last month. A big wave of extra OPEC oil arriving in the West, replacing supply lost from war-torn Iraq, also helped ease the threat of shortages.\n\n\n\n
Indian refiners, who buy about 7,000 barrels a day of Iraqi crude from the spot market, have made alternative arrangements for supplies if there is a war in Iraq, Oil Minister Ram Naik said on Thursday.
Overall forex market sentiment remained cautious
Petrol and diesel prices are likely to be cut by close to Re 1 per litre this weekend on sliding global oil rates.
India imports about 25 million tonnes of oil from Iraq each year.
'We began foolishly bragging about Saudi-Emirati investment plans as indicative of the sheikhs 'distancing' from Pakistan, including on Kashmir,' notes Ambassador M K Bhadrakumar.
US commercial crude oil stocks were forecast to have risen by 3 million barrels last week
One should appreciate the sagacity and audacity of JRD and Nani Palkhivala in founding TCS on April 1, 1968. At that time there was no Microsoft or Intel, SAP or Accenture, much less Google.
They needed a person who could build and execute their vision: A frontiersman; a problem solver and an institution builder. It was their and India's good fortune that Faqir Chand Kohli more than measured up to their requirements and indeed laid the foundation to take TCS to unimaginable heights and to the giant success that it is today. Shivanand Kanavi salutes the incomparable F C Kohli, who passed into the ages last week.
The US #DeepState has had a fine run, but will now discard Saudi Arabia as it is no longer useful to them, says Rajeev Srinivasan.
'A 2018 murder may lead to shifts in the geopolitical order and impact at least one monarchy,' says Devangshu Datta.
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