Oil prices declined amid global recession fears, though losses were limited by potential Middle Eastern supply disruptions and US inventory drawdowns. Weak economic data from the US, China, and Europe heightened concerns. Geopolitical tensions and OPEC Plus production policies further influenced the market, while reduced Chinese demand and refinery activity added to the fluctuations.
Irdai opens NDB’s Maharajah INR bonds to insurers
In a circular dated August 27, the regulator said that it had received representation from New Development Bank to permit Insurers to invest in Maharajah