Indian benchmark indices closed in positive territory on Tuesday, supported by strength in banking and financial shares after the Reserve Bank of India introduced a concessional forex swap window aimed at facilitating overseas borrowing and enhancing foreign currency liquidity.
Crude prices advanced around 1% on Wednesday after touching a seven-week low in the previous session. The recovery was supported by fresh US military strikes on Iran and data showing a sharp decline in US crude stockpiles, which helped offset recent weakness in the market.