Stocks plummet as crude nears $100
High oil prices could force central banks to raise interest rates
NEW DELHI, MUMBAI : Indian benchmark indices saw their steepest single-day drop in two months, declining over 1% on Wednesday, dragged down by selling in HDFC Bank and other index heavyweights. Weakness in global markets, with crude oil prices nearing $100 a barrel, also made investors cautious ahead of the US Federal Reserve’s policy meeting.
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