India, July 27 -- Indian shares rallied on Monday as oil prices tumbled amid eased Middle East tensions, helping ease inflation and interest-rate concerns ahead of crucial Fed, BoE and BoJ central bank meetings due this week.
The U.S. dollar index dropped, Treasury yields dipped and Brent crude prices tumbled more than 9 percent toward $89 a barrel amid a pause in the U.S.-Iran war.
Iran stopped conducting counterattacks and said it had made progress in talks with Oman on management of the Strait of Hormuz after the U.S. paused an almost two-week run of strikes against Iran for a second night.
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