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When oil prices have spiked up, we have seen the Indian stock market underperform compared to the Russian stock market because * 1. Russia is

When oil prices have spiked up, we have seen the Indian stock market underperform compared to the Russian stock market because *

1. Russia is very efficient in refining oil

2. India is a net oil importing country.

3. The oil market is traded heavily in Russian Ruble.

4. The oil market is traded heavily in Indian Rupee.

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