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Indian shares slip to near six-month lows on oil surge

Original: Indian shares dip to near six-month lows on oil surge

Indian stock markets have fallen to their lowest levels in nearly six months, with the decline attributed to a surge in oil prices. The rise in crude is weighing on investor sentiment in India, a major oil importer, as traders worry about higher import costs and its impact on inflation and corporate earnings.

Why now: A sharp rise in oil prices is spooking investors in India, one of the world's largest crude importers.

IndiaIndian stock marketoilReuters

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• Indian shares dip to near six-month lows on oil surge · Reuters

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