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The Centre plans to cut broken rice allocation under PDS to boost ethanol production, freeing 90 lakh tonnes annually. Sanjeev Chopra said the move aims to strengthen supply chains, support blending targets and reduce crude import dependence
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Indian stock markets plunged sharply, with Sensex falling 1,836 points and Nifty dropping below 22,600, amid weak global cues, rising crude oil prices, and escalating Middle East tensions. Continued FII outflows and rupee weakness further dampened investor sentiment
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Mumbai markets rebounded sharply on Friday as Sensex and Nifty surged following a previous steep fall, aided by easing crude oil prices amid hopes of Middle East de-escalation, while most stocks gained, despite continued foreign investor selling pressure in markets today
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Mumbai markets plunged early Thursday as Sensex and Nifty fell sharply, ending a three-day rally amid surging crude oil prices, weak global cues, and heavy FII outflows. Banking and financial stocks led losses, while energy shares showed limited resilience
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Indian equity markets opened sharply lower as rising crude oil prices amid the US-Iran war dampened investor sentiment. Sensex and Nifty fell over 0.6 per cent, while most sectoral indices traded in the red. Analysts warned higher oil prices could increase inflation and market volatility
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Crude oil prices fell after reports the International Energy Agency may release record emergency reserves to curb the surge triggered by the US-Iran war. Brent and WTI declined sharply as G7 nations explored measures to stabilise markets and ease global energy costs
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Oil prices surged past $100 per barrel as the Iran conflict disrupted shipments through the Strait of Hormuz, triggering market turmoil, production cuts and fears of a prolonged global energy shock and economic fallout.
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The price for a barrel of Brent crude, the international standard, leaped another 7.8% to $83.84. That's up from close to $70 less than a week ago
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Rising Israel-Iran tensions may pressure Indian markets as crude prices climb on Strait of Hormuz concerns. Analysts warn inflation risks if oil tops $80, while energy and defence stocks could gain. Nifty 50 signals weakness amid volatility and geopolitical uncertainty
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The rupee appreciated 3 paise to 89.95 against the US dollar in early trade, supported by a weaker greenback and strong IIP data. However, foreign fund outflows, higher crude prices and weak equities limited further gains
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The rupee weakened 23 paise to 89.94 against the US dollar in early trade amid foreign fund outflows, weak domestic equities and rising crude oil prices, with thin holiday volumes and trade deal uncertainty weighing on market sentiment
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The rupee remained volatile in early trade amid easing crude oil prices and sharp intraday recovery, but uncertainty over the India-US trade deal and sustained foreign fund outflows kept pressure on the currency despite supportive domestic equity market cues
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The rupee appreciated 20 paise to 89.69 against the US dollar ahead of the RBI’s policy decision, though pressure persists from FII selling, crude prices and trade-deal delays. Markets await possible rate-cut signals as inflation eases and growth strengthens
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The rupee gained 6 paise to 86.06 against the US dollar on Friday, supported by softer crude prices and a weaker dollar. However, continued foreign fund outflows limited further gains. Equity markets also opened lower amid trade deal uncertainties.
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Traders are focused on the July 5 OPEC+ meeting, where a third consecutive production hike of 4,11,000 barrels per day is expected to be approved for August
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The rupee gained 6 paise to 85.44 against the US dollar in early trade on Monday, supported by lower crude prices and a weaker dollar index. A ceasefire in the Middle East and strong FII inflows boosted investor sentiment.
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The rupee appreciated 13 paise to 85.92 against the US dollar amid optimism over a US-brokered ceasefire between Iran and Israel and a strong start in domestic equities. Gains were capped by rising crude oil prices and FII outflows.
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The rupee declined by 17 paise to 86.72 against the US dollar as global crude oil prices spiked after US strikes on Iran. A strong dollar and weak equities added pressure, though FII inflows and forex reserves offered some cushion.
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Crude oil prices hit a five-month high amid rising US-Iran tensions and threats to shut the Strait of Hormuz. However, India has assured there will be no supply disruption, thanks to diversified sourcing and adequate reserves.
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The rupee rose 13 paise to 86.60 against the US dollar on Friday, supported by weaker crude oil prices and a softer dollar. Market experts expect further movement based on geopolitical developments and foreign investor activity in Indian equities.