🏦 Economy / Policy
• India’s April CPI inflation rose to 3.48%, driven by higher metal prices, but remained below the RBI’s target band 📊
• India–Oman FTA is likely to come into force from June 1, according to Commerce Minister Piyush Goyal 🌍🤝
• India has raised import tariffs on gold and silver to 15% to ease pressure on forex reserves 🪙💱
• India currently holds around 60 days of crude and LNG reserves and 45 days of LPG stocks, with no immediate supply concerns, said Petroleum Minister Puri 🛢️📈
🏢 Companies / Sectors
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🌍 Global / World
• US CPI inflation came in hotter than expected, reducing the likelihood of near-term Fed rate cuts and increasing global rate sensitivity 📉🌍
• Chicago Fed President Austan Goolsbee warned that broader price pressures in the US remain persistent, reinforcing inflation concerns 📊
• China’s April trade data showed lower crude imports but stronger metals imports amid Hormuz disruptions, potentially reshaping global commodity pricing ⚠️📈