US and Iran have reached an initial peace agreement to end their nearly four-month conflict, restore shipping through the Strait of Hormuz, and ease global energy disruptions. The deal, to be signed in Switzerland on June 19, also covers broader regional issues including Lebanon. This development has boosted market sentiment as oil supply concerns begin to ease.
Remittances, services surplus lift India to $4.7 billion current account surplus in April
India achieved a significant current account surplus of $4.7 billion in April. This positive shift was driven by robust inward remittance flows. The services sector