Reserve Bank of India – Bulletin Weekly Statistical Supplement – Extract
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What's breaking now, across thousands of outlets.
We haven't written up this one. Reserve Bank of India has the full story — the link below goes straight to it.
If we are going to emerge a better and stronger country from this new world of changed assumptions, the place to start is taking a hard look at ourselves
Crude jumped back above $100 a barrel this week and diesel surged past $6 a gallon in the US for the first time.
India's foreign exchange reserves reached a record $785.71 billion. This surge followed a significant increase in the previous week.
India’s equity benchmarks fell for a fifth consecutive week on Friday, as the escalating Middle East conflict pushed crude oil prices higher, raising concerns about inflation and global interest rates. The Nifty 50 dropped 0.34% to 23,398.1 and the BSE Sensex lost 0.16% to 74,781.76.
BNY’s Geoff Yu highlights that Brent has approached $110 as Houthi advances near the Bab el-Mandeb Strait raise concerns over Red Sea shipping and broader supply chains.
The Euro (EUR) accelerates its reversal against the US Dollar (USD) on Friday, as the impulse from a hawkish hike by the European Central Bank (ECB) fades.