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Brent crude remains above $100 as Iran says normal Strait of Hormuz passage will not resume until its conditions are met. A 100-million-barrel G7 emergency stock release and stronger Middle East exports are limiting further oil-price gains.
S&P Global Ratings has raised India’s FY2026-27 GDP growth forecast to 7% from 6.6% after stronger industrial activity, consumption, exports and government investment. It also sees inflation averaging 5.1% and a possible 25-bps RBI rate hike.
Merchandise exports recorded strong year-on-year growth in August 2026, led by electronics, petroleum products and engineering goods. The goods trade deficit fell sharply from July, helped partly by lower gold imports, although merchandise imports remained elevated at $70.67 billion.
