Synopsis Indian stocks and the rupee experienced a significant downturn on Thursday. Surging oil prices and rumors of potential military action against Iran impacted investor sentiment. Despite this, Indian markets saw their best April performance in 28 months. The Reserve Bank of India intervened to support the rupee. Markets will be closed on Friday for Maharashtra Day. Mumbai: Indian stocks slumped and the rupee plunged to a life-time low Thursday through a truncated workweek as surging oil prices, amid swirling rumours of fresh Pentagon strikes against Iran, stood in the way of brave long calls for risk assets. Still, stocks…
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