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Markets slump on surging oil, West Asia flare-up; Sensex drops 561 points

Mumbai, Jul 14 (PTI) Stock market benchmark indices Sensex and Nifty tumbled on Tuesday as a sharp surge in crude oil prices due to the renewed flare-up in West Asia dented investors’ sentiment. Fresh foreign fund outflows and the falling rupee also put pressure on the markets. After three days of gains, the 30-share BSE Sensex tanked 561.46 points, or 0.72 per cent, to settle at 77,054.94. During the day, it tumbled 614.92 points, or 0.79 per cent, to 77,001.48. The 50-share NSE Nifty dropped 158.95 points, or 0.66 per cent, to end at 24,052.05. From the Sensex pack, HCL

Rupee falls 62 paise to close at 96.30 against US dollar

A man counts Indian rupee currency notes inside a shop in New Delhi, India. (Photo: Reuters)

Mumbai, Jul 14 (PTI) The rupee depreciated 62 paise to close at 96.30 (provisional) against the US dollar on Tuesday, amid a surge in crude oil prices and renewed geopolitical concerns. Forex traders said the rupee came under pressure due to a combination of factors — crude oil prices climbed on renewed geopolitical tensions, while demand for the US dollar increased as investors moved toward safe-haven assets. At the interbank foreign exchange market, the rupee opened at 95.95 and settled for the day at 96.30 (provisional), down 62 paise from its previous closing. On Monday, the rupee depreciated 30 paise

No relief from the heat as many US cities will see record overnight temperatures

July 14, 2026 (Associated Press) Another week of blistering heat will bring even more health risks in the coming days, as overnight temperatures won’t provide much relief. The National Weather Service is predicting that more than 90 temperature records across the U.S. will be tied or broken this week through Wednesday — and most of those will be overnight heat records. Health experts say overnight temperatures that fail to cool down are even more dangerous than daytime temperatures that soar. It has already been a sweltering start to the summer across much of the U.S. due to the long-lasting heat

‘When will PM Modi speak about people’s pain’: Congress slams govt on inflation rise

New Delhi, Jul 14 (PTI) With retail inflation climbing to 4.38 per cent in June, the Congress on Tuesday said the rise in prices has disrupted the budgets of ordinary families during the last 12 years of the BJP-led government and asked when Prime Minister Narendra Modi will speak about the pain of the common people. Retail inflation climbed to 4.38 per cent in June mainly due to costlier food items, pushing the rate of price rise above the Reserve Bank’s median target of 4 per cent, according to government data released on Monday. This is the first time that

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