India’s Richest Civic Body Plans Nearly $1 Billion Muni Bonds

India’s richest civic authority is planning to raise as much as 95 billion rupees ($992 million) through municipal debt in one or more tranches, marking its foray into the local-currency bond market.

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Bloomberg Markets

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U.S. oil falls below $89 on report Iran agreement would restore Hormuz traffic in one month

U.S. crude oil prices fell about 6% Wednesday on a report Iran would restore traffic through the Strait of Hormuz as part of a framework deal with the U.S.

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