Low Inflation Seen Helping Indian Rupee Weather Middle East Storm

Low Inflation Seen Helping Indian Rupee Weather Middle East Storm

Good morning, this is Chiranjivi Chakraborty, an equities reporter in Mumbai. Local equities are looking up, with Nifty futures pointing to a positive start. However, the mood’s still cautious with no signs of a let up in Israel-Iran conflict. Oil’s still a key focus for traders, given the conflict’s impact on India, a major energy importer. Also of interest will India’s trade data to be announced later in the day.

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