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The Indian rupee weakened to a two-month low of 86.28 against the dollar due to escalating tensions in West Asia, which drove crude oil prices higher. Concerns over a potential Israel-Iran conflict disrupting oil supplies further pressured the rupee, while foreign investors selling Indian assets added to the currency's woes. RBI intervention helped limit the rupee's losses.
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The retailer says the offer is to thank members but a retail analyst says the bar is high to redeem it.
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Food accounts for 23% of basic spending, which includes housing, clothes, health, transport and education, NI Consumer Council finds.
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