Business

Bank of Russia sets dollar rate at 74.77 rubles

Jun 26, 2026

Moscow [Russia], June 26: The Bank of Russia set the official dollar rate at 74.7738 rubles for June 25, 2026, up 15.38 kopecks against the prior figure.
The official euro rate was lowered by 30.24 kopecks to 85.1823 rubles. The official yuan rate was set at 10.9713 rubles, down 2.34 kopecks.
Economically, Russia's parliament approved urgent tax code amendments to combat domestic fuel shortages caused by refinery outages. The legislation incentivizes supply by introducing import subsidies, authorizing the blending of poorer-quality fuel, and delaying modernization deadlines for refineries.
Source: Emirates News Agency

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Discovery spotlights the manufacturing journey of SERVO Lubricants by IndianOil in The Power Behind Progress

New Delhi [India], September 11: As India’s automotive and industrial landscape evolves, so does the technology and infrastructure working behind the scenes to keep it moving. Discovery’s upcoming special The Power Behind Progress takes viewers inside IndianOil’s Integrated Lube Complex at Manali Industrial Area in Chennai (TN), the world’s largest lubricant blending plant, offering a glimpse into the scale of India’s manufacturing capabilities today and the journey that brought them here. At the centre of this story is SERVO, a homegrown brand whose evolution has closely mirrored India’s own journey of industrial growth and self-reliance.

Sep 11, 2026