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US inflation in June was greater than expectations, at 9.1%. That is the very best month-to-month price of inflation that the nation has seen in 41 years. This was a significant factor that drove promoting by FPIs this week. Continued decline within the worth of rupee was one other issue that drove market motion this week. General, the pattern this week was considered one of continued oscillation of the market between worth shopping for and revenue reserving. Decline in oil costs on the again of an rising world recession was some reduction from the Indian perspective. India’s commerce deficit touching its highest month-to-month degree in June 2022 additionally saved market actions subdued.
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