macro

RBI Announces Special Oil Window, Regulatory Steps for Rupee - Bloomberg.com

―

DW NOTE

The RBI is creating a special forex window to handle oil payments while the Strait stays shut. India imports 85% of its oil — with Hormuz closed for 224 days and Brent at $104, this isn't currency management, it's triage. Every rupee "regulatory step" is another acknowledgment that the textbook doesn't cover what happens when 21% of global crude supply simply stops moving.

Read the full story at Bloomberg.com →

The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu

RBI Announces Special Oil Window, Regulatory Steps for Rupee - Bloomberg.com

Read more

Bitcoin drops below $80,000 as crypto ignores Asian tech rally, Fed meeting begins

Amundi Says ‘Worst Is Behind Us’ as Gold Flirts With $4,000 - Bloomberg.com

Gold retreats on stronger dollar; traders brace for Fed - Kitco

India Rejects Claims of U.S. Pressure Over Russian Oil Purchases