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Crude oil prices have surged past $81, raising inflation fears in India and potentially impacting fuel pricing and economic stability.
Rupee declines to record low of 85.87 against USD amid rising oil prices and cautious investor sentiment following lower growth projections.
Oil prices climb as OPEC supply tightens and US job openings increase, signaling economic growth and rising demand for crude oil.
Asian shares start cautiously ahead of significant economic data releases, while the dollar maintains its strength amid ongoing market anticipation.
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