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RIL share fall not due to Russian oil import reports, clarifies company
Reliance Industries clarified that its stock decline was not linked to Russian oil import reports, with broader market factors as the likely cause.
Reliance Industries’ share price recently experienced a decline, but the company has clarified that the weakness is not connected to media reports suggesting increased Russian oil imports. RIL said its sourcing decisions remain aligned with commercial and geopolitical considerations and asserted that broader market volatility and profit booking were the primary contributors to the stock’s movement.