The Reserve Bank of India has warned of risks to the Indian economy due to rising crude oil prices, which are currently above $90 per barrel. While retail inflation has been brought down by lower vegetable prices, the report highlights the challenge posed by high oil prices. However, economists expect inflation to continue slowing in September, driven by further corrections in vegetable prices.
S&P 500 hits record high buoyed by economic hopes: Markets wrap
Wall Street traders are optimistic about the Federal Reserve’s ability to achieve a soft landing, leading to a rally in riskier markets. The S&P 500