Bank economists have told the Reserve Bank of India that there is no immediate need to raise the repo rate or change the monetary policy stance. This advice is based on inflation remaining within the central bank’s tolerance band. The RBI has alternative tools to manage currency pressures.
Oil rises on concerns over Strait of Hormuz reopening plans
Oil prices experienced a significant uptick on Friday, fueled by fears surrounding the critical Strait of Hormuz. Iran and Oman are contemplating restrictions on hostile