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Households have faced a sharp rise in the cost of heating oil since the outbreak of the US-Israeli war with Iran.
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The Reserve Bank of India is expected to increase money supply soon. This move aims to prevent short-term interest rates from rising sharply. It will also counter the effects of the RBI's efforts to support the Rupee. Open market operations and dollar-rupee swaps are key tools. This strategy helps manage liquidity and keep borrowing costs low for banks.
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The energy secretary also hinted at the possibility of sending minesweeping drones to the region.
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News and Media
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