Markets still expect an Iran-US deal

Markets still expect an Iran-US deal

Markets stayed hopeful of an Iran-US deal despite fresh warnings from Washington, as Brent crude fell to about $92 a barrel on Friday. The Core reported that FPIs pulled out roughly $3.5 billion from Indian equities in May, while the rupee, oil prices, weak earnings, monsoon risks and foreign outflows kept pressure on Indian markets.

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