Asian shares edged higher on Monday as investors hoped steps to unwind pandemic restrictions in China would eventually brighten the outlook for global growth and commodity demand, even if full freedom could be months away. The news helped oil prices firm as OPEC+ nations reaffirmed their output targets ahead of…
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Rupee falls 9 paise to close at 81.35 against US dollar
The rupee pared its initial gains and settled down by 9 paise at 81.35 (provisional) against the US dollar on Friday as the support from weak dollar was negated by weak domestic markets and a surge in crude oil prices. Forex traders said foreign fund outflows also weighed on investor…