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Nifty, Sensex dive as crude jumps after Iran strike on US forces

Nifty, Sensex dive as crude jumps after Iran strike on US forces

Wednesday, January 8, 2020, 8:08 PM

Indian stocks sank and rupee weakened as a retaliatory attack on US-led forces by Iran spurred another crude-rally, stoking fears of rising inflation at one of the world's top oil importers. Other Asian shares and US Treasury yields also tumbled while gold-shot-higher after Iran fired missiles at Iraqi facilities hosting US-led coalition personnel, in retaliation for the US strike killing an Iranian commander last-week.
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