India’s current account saw a surplus of $13.5 billion in Q4 FY25, a significant turnaround from previous deficits, driven by robust services exports and reduced primary income outgo. While the merchandise trade deficit widened, increased remittances and strong service sector performance contributed to an overall improved current account deficit of $23.3 billion for the entire fiscal year.
US Federal Reserve chair Kevin Warsh says he will stick by 2% inflation target, vows to bring in real-time economic data for making interest rate decisions
Federal Reserve Chairman Kevin Warsh declared unwavering commitment to the 2% inflation target, signaling no monetary policy easing despite President Trump’s calls for rate cuts.
July 1, 2026