India, June 27 -- Indian shares rose modestly on Friday, with underlying sentiment supported by a sharp fall in crude oil prices this week and a weakening dollar on hopes for more Fed rate cuts this year.
Both Brent and WTI contracts were on track for a weekly loss of about 12 percent, the most since March 2023, in the absence of significant supply disruption from the Middle East.
Steady foreign inflows and easing trade tensions also offered some support. U.S. President Donald Trump has announced a trade deal with China on rare earths and hinted at a major upcoming deal with India.
Confirming the reports, Beijing said Washington would lift "restrictive measures" while Beijing would "review and approve" items under export controls.
India...