OPEC+ Delivers an Explicit 188,000 Barrel-a-Day Increase Into a War Premium
Seven members of a cartel that used to be eight raised production into a $108 tape — the first answer to the UAE exit was an add, not a cut.
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Bureau: Delhi
Seven members of a cartel that used to be eight raised production into a $108 tape — the first answer to the UAE exit was an add, not a cut.
USD/INR closed Friday at 94.91, the 10y sits at 7.07%, and foreign portfolio outflows run $19-23B YTD — the rupee is held by RBI, not by demand.
The May 5 Pakistan IMF date that several outlets pegged this weekend is not on the Fund's public calendar — the operative event was the March 27 staff-level agreement.