Indian market snapped a 4-day losing streak to close in the green on Tuesday. The BSE Sensex rose more than 300 points while the Nifty50 closed just below 25,200 levels.
The rupee hit a one-week high as expectations of RBI measures to curb oil refiners’ dollar demand boosted sentiment and eased pressure on the currency.
Gold and silver prices opened higher on MCX as easing geopolitical tensions and US-Iran peace talk hopes influenced sentiment. Silver gained sharply while gold held
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