🏦 Economy / Policy
• Urban areas are expected to contribute nearly 70% of India’s GDP growth by 2036, highlighting the rising importance of urbanisation 💹📈
• Petrol and diesel prices were raised again by up to 90 paise/litre, adding to inflation concerns ⛽⚠️
• Rupee weakened to a fresh low of 96.4/$, while bond yields surged to 7.13%, reflecting macro stress from oil and global rates 💱📊
• India’s current account deficit is projected to widen to 2.3% of GDP in FY27 from 0.9% in FY26 due to elevated energy costs 📉
• Electronic Gold Receipts (EGRs) have begun trading on NSE, offering investors a regulated demat-style gold investment route 🪙📈
• Global bond yields remain elevated, reinforcing a “higher-for-longer” rate environment that could impact EM flows and Indian valuations 🌍📊
🏢 Companies / Sectors
• Bank stocks are facing valuation pressure despite improving corporate earnings, as investors remain cautious on macro and asset-quality risks 🏦📉
• Royal Enfield plans a ₹2,500 crore manufacturing facility in Andhra Pradesh, signalling confidence in premium motorcycle demand and exports 🏍️📈
🌍 Global / World
• The US has issued a 30-day licence to keep Russian oil accessible while easing select sanctions, helping India preserve discounted crude supply options 🛢️🌍
• Iran war-related disruptions have already caused over $25 billion in global corporate losses, highlighting rising trade and balance-sheet risks ⚠️📉