However, incremental sharp outflows from EMs like India going ahead could indicate that the current expectation of a terminal interest rate of 4.5-5% for the US will be breached on the upside going forward and remains a key risk, the analysts said.
Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?
Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42.