Funding & Business
India’s First-Quarter Current Account Gap Narrows on Services
India’s current account gap narrowed in the fiscal first quarter, helped by an increase in service sector exports and larger than anticipated remittances.
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Oil drifted as traders waited for fresh catalysts to move prices out of what’s been a relatively narrow band, with attention on an upcoming OPEC+ meeting and US moves on Russian supplies.
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Stock purchases by Indian institutions are inching toward a record this year, providing a cushion to the nation’s $5.1 trillion market as foreign funds keep selling.
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Longer-maturity bonds may be in for a treacherous September, if history is any guide.
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