🏦 Economy / Policy
• RBI curbed spot dollar buying by oil companies, helping the rupee strengthen and boosting forex reserves via higher foreign currency assets 💱📊
• RBI Governor indicated domestic oil and gas production is being ramped up amid West Asia disruptions 🛢️📈
• RBI has eased earlier curbs on rupee trades and offshore derivatives, signalling confidence that the worst of the currency volatility may be over 📉
• India sees no immediate risk to its FY27 fiscal deficit target (~4.3%), with focus on selective austerity while protecting infra capex 📊
• India’s power transmission sector is expected to see ₹9 lakh crore capex by 2032, highlighting long-term infrastructure expansion ⚡📈
🏢 Companies / Sectors
• India and South Korea are focusing on shipbuilding ties, setting a $50 billion trade target, signalling maritime and industrial collaboration 🚢📈
🌍 Global / World
• Middle East tensions escalated as Iran re-imposed a Hormuz blockade, with tanker disruptions and US seizure of a vessel pushing oil prices higher 🛢️⚠️
• Anthropic plans to spend over $100 billion on Amazon’s cloud over the next decade, underscoring massive AI infrastructure investments 🤖📈