🏦 Economy / Policy
• India’s exports rose nearly 14% in April despite disruptions linked to the West Asia conflict, reflecting resilient external demand 💹📈
• Trade deficit widened to $28.38 billion in April as imports continued to outpace exports 📊
• Petrol and diesel prices were increased by ₹3/litre as the government balanced crude shock risks, OMC stress and inflation concerns ⛽⚠️
• India’s wholesale inflation surged to a 42-month high of 8.3% in April, driven by sharp increases in fuel, power and crude oil prices 📉
• Economists warn WPI inflation could cross 9% in May if energy prices and currency pressures persist, complicating RBI’s rate outlook 📈
• Analysts caution that the fuel price hike may raise transport, food, logistics and air-travel costs over the coming months, pressuring consumption and corporate margins 🚚📊
🏢 Companies / Sectors
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🌍 Global / World
• US consumer inflation recorded its biggest rise in three years due to energy costs, pushing 10-year Treasury yields to around 4.46% and reducing hopes of Fed rate cuts 🌍📉