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SPOTLIGHT: RBI stance change fails to lift equities, seen volatile near term

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SPOTLIGHT

RBI stance change fails to lift equities, seen volatile near term

This story was originally published at 20:34 IST on October 9, 2024  Back
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The Reserve Bank of India easing its stance to 'neutral' lifted key equity indices 1% on Wednesday, but continuing concerns about crude oil prices and the recent large outflows by foreign investors ensured the equity market ended lower, erasing all the gains of the day. Crude oil prices are up nearly 7% this month after Iran's missile attack on Israel, and analysts say concerns over crude oil prices will continue to hang over investor sentiment.

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