Savings Effect

A foreign brokerage projects India's current account deficit to widen to 2.3% of GDP in FY27 from 0.9% in FY26, with the balance of payments deficit nearly doubling to $65 billion.

| Fuel prices are rising after a 4-year pause as higher global crude prices and the Hormuz blockade intensify pressure on oil companies and govt finances. With inflation risks building and global central banks turning cautious, the RBI’s June policy meeting faces a more complex backdrop.

The Delhi HC has told Apple to "fully cooperate" with investigators in an ​antitrust case related to the iPhone apps market, ​not agreeing with the U.S. company's request to ‌put the case on hold while it challenges the law governing antitrust penalties. The High Court said in an order posted on its website on Saturday that Apple "shall fully cooperate", but it asked the Competition Commission of India (CCI) to not pass a final order in the matter until at least July 15.

Escalating the war of words amid a persistent diplomatic stalemate, US President Donald Trump issued a fresh warning to Iran as negotiations remained deadlocked over uranium stockpiles, sanctions relief and war compensation following months of conflict across the West Asia. "For Iran, the Clock is Ticking, and they better get moving, FAST, or there won't be anything left of them. TIME IS OF THE ESSENCE!" Trump wrote on Sunday in a Truth Social post.

Gold prices fell on Monday to their lowest point in more than a month, as West Asia tensions pushed oil ​prices higher, fuelling inflation fears and reinforcing expectations of ​higher-for-longer interest rates. Spot gold was down 1.1% at $4,488.99 per ounce, as ‌of 0052 GMT, hitting its lowest level since March 30.

Oil prices extended gains on Monday as efforts to end the US-Israeli war on Iran appeared ​to have stalled, after a nuclear power plant ​in the United Arab Emirates came under attack and as US ‌President Donald Trump is expected to discuss military options on Iran. Brent crude futures climbed $1.44, or 1.32%, to $110.70 a barrel by 2337 GMT after touching the highest since May 5 earlier in the session.