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Rupee ekes out first quarterly gain in five on oil drop, policy salvo

By Jaspreet KalraThe Indian rupee logged its first quarter-on-quarter gain since March 2025, even though it slipped on Tuesday, thanks to a sharp retreat in oil prices and a salvo of policy measures to draw dollar inflows.The currency FX_IDC:USDINR ended the day at 94.66 per dollar, down slightly f…

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Forex
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India's Russian oil imports to hit record high in June, data shows

India's Russian oil imports surged to a record high in June, ship tracking data from LSEG and Kpler showed, as refiners snapped up Russian barrels to mitigate the impact of the Strait of Hormuz closure on other sources of supply.

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Futures
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Irish annual inflation slows to four-month low of 3.3% in June, flash estimate shows

Irish inflation eased to 3.3% in June from 3.5% a month earlier to hit a four-month low, a flash estimate of the Harmonised Index of Consumer Prices showed on Tuesday.Core inflation, which excludes energy and unprocessed food, also dropped slightly to 2.6% from 2.7% a month earlier, the Central Sta…

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Economy
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Indonesia's Jakarta to issue $196 mln municipal bond this year, governor says

Indonesia's capital city Jakarta will issue a municipal bond worth 3.5 trillion rupiah ($195.80 million) this year, its governor Pramono Anung said on Tuesday.The issuance would be the first municipal bond of its kind to be offered in Indonesia, the largest economy in Southeast Asia.Pramono said th…

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BondsStocksID
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Portugal's 12-month inflation edges down to 3.2% in June

Portuguese consumer prices rose 3.2% year-on-year in June, down from 3.3% in the previous month, preliminary data from the National Statistics Institute (INE) showed on Tuesday.Core inflation, which strips out volatile food and energy prices and is seen as a better gauge of the underlying trend, ca…

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Economy
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Germany's Axel Springer closes acquisition of Telegraph Media Group

German publishing group Axel Springer said it closed the acquisition of the Telegraph Media Group on Tuesday, following regulatory approvals in Britain, Ireland and Austria.After buying Politico in a deal valued at around $1 billion in 2021, the Telegraph purchase is Axel Springer's second-largest…

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StocksDE