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Russia is utilizing cryptocurrencies like bitcoin, ether, and stablecoins in its oil trade with China and India to bypass Western sanctions. This practice assists in converting currencies such as Chinese yuan and Indian rupees into Russian roubles. The strategy has become a small but growing part of Russia's oil trade, valued at $192 billion last year.
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Despite recent significant market corrections, Bernstein is cautious in predicting a broad buying opportunity in the Indian market. Both Sensex and Nifty have experienced notable declines since late September, but the brokerage sees potential in selective large-cap stocks, particularly in the power and information technology sectors.
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Union Minister Nitin Gadkari informed that 26,425 km of Bharatmala projects have been awarded, with 19,826 km constructed. High-speed corridors are enhancing logistics and travel efficiency. Smart technology and regular safety audits ensure road quality and safety in the National Highways development under the PM Gati Shakti initiative.
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