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March 25, 2026, 10:11 AM - 2 min read
However, a drop in global crude oil prices, a weaker greenback, and a strong opening at the domestic equity markets prevented sharper losses in the local unit, forex traders said.
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March 13, 2026, 10:36 AM - 2 min read
Crude oil prices have remained elevated due to the ongoing closure and heightened tensions in the Strait of Hormuz, which handles 20 per cent—or one-fifth—of global oil supply.
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