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Indian shares drop to four-week low on foreign selling, growth concerns amid rising oil prices, rates

  • Indian shares have fallen 3% from mid-September highs due to foreign selling and growth concerns.
  • Higher global interest rates and crude prices are fueling inflation risks and prompting equity outflows.
  • Losses in IT, banks, and consumer stocks have led the declines over the past week.
  • Analysts cite risks of extended weakness if foreign selling continues alongside rising yields, oil prices.
  • Equity markets may remain volatile in near term before stabilizing.
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