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S7/10Economic
Lower crude, firmer rupee and easing volatility drive sharp rebound in Indian equities
Indian stocks and currency surged significantly on Monday after crude oil prices collapsed. The BSE Sensex and NSE Nifty both saw substantial gains, reflecting renewed investor confidence.
The Indian rupee climbed against the US dollar, nearing its all-time low from the previous week. Lower crude oil prices are beneficial for India, easing inflation and current account pressures.
Source: Economic TimesOriginal source
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