West Texas Intermediate & State Bank of India

West Texas Intermediate: West Texas Intermediate (WTI) crude prices have risen, mirroring the global trend in oil prices due to the Iran war.

State Bank of India: The State Bank of India has implemented measures to contain the impact of the Iran war on the rupee and foreign exchange reserves, but faces increasing pressure to address inflation and slowing economic growth.

West Texas Intermediate: West Texas Intermediate crude fell roughly 3 percent to $85 per barrel, contributing to the overall positive market sentiment for equity indices.

State Bank of India: Clarity from the State Bank of India on the FCNR(B) deposit swap scheme led to private banks advancing, indicating increased policy flexibility due to improving economic dynamics.

West Texas Intermediate: West Texas Intermediate crude prices fell significantly after the US and Iran signed an interim agreement, signaling increased oil supply and easing concerns about the Strait of Hormuz closure.

State Bank of India: State Bank of India gained up to 3% as part of the broad-based market rally.