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The Indian rupee weakened to 86.20 per dollar due to rising crude oil prices following Israeli strikes on Iran, but closed at 86.08/$1 after likely RBI intervention. Brent crude surged to $75 per barrel, impacting risk sentiment and pushing the 10-year bond yield to 6.40% before settling at 6.36%. Geopolitical tensions created a fragile mood for bonds.
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News and Media
Indian equity indices closed lower on Friday due to Israel's strikes on Iran, which raised concerns about oil supply disruptions and a wider Middle East conflict. Despite an initial sharp fall, the market recovered some losses, supported by underlying bullish sentiment. Both Nifty and Sensex declined, with investors closely watching key support levels for further market direction.
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News and Media
A mother tearfully spoke of battling addiction before she was sentenced to the maximum 14 years in prison for involuntary manslaughter in the overdose drug death of her 14-year-old son in McHenry County.
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News and Media
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