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[ad_1] Russia is now the biggest supplier of crude oil to India overtaking Iraq and Saudi Arabia. India’s love for discounted Russia oil is widening its trade deficit with Moscow and the casualty is their much-touted rupee trade plan. The gap between their exports and imports is rising and that’s making the local currency payment…
[ad_1] Stocks slide, dollar rises as Powell spooks markets An index of global stock markets fell, while short-term US Treasury yields rose on Friday, after Federal Reserve Chair Jerome Powell said the US economy will need tight monetary policy “for some time” before inflation is under control. The dollar erased early losses to turn positive…