India’s wholesale inflation may have climbed to 0.8% in June, driven by significant increases in food and fuel prices, according to a report by the Union Bank of India.

A $10 increase in crude prices could inflate India’s current account deficit by $15 billion, posing a significant threat to the country’s economy, according to a report by UBI – ANI News

by | Jun 18, 2025 | Union Bank of India

A recent report by the Union Bank of India (UBI) has highlighted the significant risk posed by the surge in crude prices to India’s current account deficit (CAD). According to the report, every $10 rise in oil prices widens the CAD by $15 billion. This is a...
India’s wholesale inflation may have climbed to 0.8% in June, driven by significant increases in food and fuel prices, according to a report by the Union Bank of India.

RBI’s rate cut leads to drop in home loan rates, bringing greater relief to existing borrowers

by | Jun 9, 2025 | Bank of Baroda, Bank of Maharashtra, HDFC Bank, Punjab National Bank, RBI, UCO Bank, Union Bank of India

Following the Reserve Bank of India’s (RBI) decision to cut the repo rate by 50 basis points, several major public sector banks have reduced their lending rates. The move aims to stimulate credit growth and support economic activity amid ongoing challenges. Bank...