Indian stock markets experienced a significant decline on Tuesday. Crude oil prices surged above one hundred dollars a barrel. United States bond yields climbed above five percent, impacting investor sentiment. This led to a sharp sell-off in Indian equities, pushing market value down. Investors now await key central bank policy meetings for further direction.
Indian diaspora deposits boost capital account to $33.5 billion surplus in July, RBI data shows
Overseas deposits from the Indian diaspora significantly boosted the country’s capital account surplus. This inflow helped offset the overall current account deficit recorded for July.