Indian shares set to open higher on China demand recovery hopes
it will stop requiring inbound travellers to go into quarantine starting from Jan. 8 in a major step towards easing curbs on its borders.
China's COVID-19 management will also be downgraded to the less strict Category B from the stringent Category-A, the country's health authority said on Monday.U.S. markets remained shut on Monday for Christmas. Capping the gains in domestic equities are oil prices, which rose in thin trade on fears of supply disruption due to winter storms across the United States. Brent crude <LCOc1) rose above $84 per barrel while Nymex crude jumped above $80 per barrel.
Higher oil prices hurt oil-importing countries like India, where crude constitutes the bulk of the country's import bill.Our Standards:
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