India, June 24 -- Indian shares rose sharply on Wednesday amid easing geopolitical tensions and growing optimism around a potential U.S.-India bilateral trade agreement. Investor sentiment was also bolstered after Reserve Bank of India Governor Sanjay Malhotra said that discussion on interest rate hikes was premature.
Global oil prices fell to their lowest level in four months amid indications that more tankers stranded in the Gulf since the start of the Iran war were beginning to move through the Strait of Hormuz.
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