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Govt monitoring oil prices after Libya unrest: Pranab

Updated on Feb 25, 2011 10:44 pm IST

Finance Minister Pranab Mukherjee on Friday tried to soothe nerves over spiralling crude prices following Libya crisis, saying the government was keeping a vigil on the situation and markets should not get unnecessarily agitated over the issue. Indian shares tumbled by almost three percent on Thursday in their biggest one-day fall in almost 16 months.

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