Market context
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Wall Street fell as wholesale inflation and rising oil prices renewed concerns over persistent inflation and higher interest rates. Geopolitical risks surrounding Iran are stoking energy costs, raisi…
US-Iran war and Houthi attacks have slashed oil supply by 11.1M bpd, driving inventories to record lows. Prices remain below wartime highs due to unprecedented demand destruction offsetting supply lo…
India raised customs duty on gold, silver, and platinum from 6-15% to curb non-essential imports amid West Asia conflicts and external sector vulnerabilities, prioritizing forex for critical needs.