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Indian rupee to rally after US midterm fallout sinks oil on Iran war-exit hopes
MUMBAI: The Indian rupee is poised to climb at the open on Thursday after oil prices tumbled on bets that the Republican Party’s losses in the US midterm elections could push President Donald Trump towards an exit from the Iran war. The Indian rupee is expected to open in the 94.35-94.40 range, per traders, having settled at 94.64 to the dollar on Wednesday. Brent crude tumbled about 8.5% to well below $100 after President Donald Trump’s Republican Party lost control of Congress in midterm elections. Brent was at $94.20 in Asia, down almost 20% this week. The Democratic Party’s decisive v...
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