Commodities & currencyMoneycontrol
SBI sees crude at $70 in 2027 as US-Iran peace prospects improve
Positive+17
GreyOak summary
SBI forecasts Brent crude prices to moderate to around $70 per barrel by 2027 due to potential US-Iran peace deals and increased Middle East exports. The bank expects CPI inflation to remain above 6% before decelerating, influencing its view that a 25-bps RBI rate hike in December is more likely than a 50-bps adjustment. Improved external conditions and exchange-rate stability support this assessment.
What it affects
- State Bank of IndiaSBINPositive +17
SBI report cites peace prospects easing oil pressure.Rolling sentiment Positive +16
Source
Read the original at MoneycontrolMore State Bank of India news
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