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Leading Headlines: Gas Supply Issues, ₹8 Lakh Crore Market Loss Due to Oil Concerns, and Record Low Rupee
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West Asia War: Oil Surges, Rupee Dips to Record Low; India Faces LPG Crunch, Market Rout
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CNBC TV18
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09-03-2026, 22:01
West Asia War: Oil Surges, Rupee Dips to Record Low; India Faces LPG Crunch, Market Rout
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West Asia conflict escalates, briefly pushing crude oil prices to $120, raising global energy supply concerns.
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Indian markets see ₹8 lakh crore wiped out as Sensex, Nifty slide; rupee hits record low despite RBI intervention.
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India maintains calm, with no immediate plans to raise petrol/diesel prices or tap strategic oil reserves.
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Hotels and restaurants warn of potential closures within days due to commercial LPG supply shortages.
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EAM S. Jaishankar advocates dialogue for de-escalation; SEBI chief advises investors to remain calm.
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