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Wider conflict in the Middle East may lead to rise in inflation: BoB Report

By Economic Times - 7 months ago
Tensions between Israel and Iran have created uncertainty and volatility in global markets. Asian markets are down, currencies are weaker, and oil prices have risen. India's Sensex has declined in the past four sessions, affecting consumer durables and banking stocks. The 10-year yield in India initially remained flat but is now higher at 7.21%, reflecting concerns over Middle East tensions.

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