- Escalating crisis in Iraq and attack on its oil refineries increased oil prices and suspected inflation leading to a drop in stock marked indices and a fall in the rupee.
- The Bombay Stock Exchange (BSE) 30-share Sensitive Index (Sensex) dipped by over 1%, National Stock Exchange also registered a 0.96%, and even Nifty showed volatile ups and downs.
- Rupee closed at 60.39 a dollar. Brent crude was trading above $ 113 per barrel. RBI intervened to prevent a further fall in rupee.
- Read at: http://www.thehindu.com/todays-paper/tp-business/stocks-rupee-tumble-on-escalating-crisis-in-iraq/article6128252.ece
- Brent crude