Oil prices surged Friday following Ukraine’s drone attacks on Russia’s energy infrastructure, significantly cutting fuel exports. Russia responded by implementing a partial diesel export ban. US pressure on allies like India and Turkey to reduce Russian imports, alongside NATO warnings and robust US economic growth, further bolstered prices.
Corporate loan demand outpaces retail credit as firms shift from bonds to banks
Corporate sector borrowing from banks is accelerating past individual loans, driven by companies seeking cost savings as corporate bond yields climb. Recent RBI rate cuts