Bank for International Settlements: The possibility that inflation risks are more stubborn than expected should not be ruled out.

Tesla (TSLA.O) turned higher before the market opened.

Reserve Bank of India: Rising oil prices above US$90 per barrel poses new risks to global financial stability.

Reserve Bank of India: Must remain alert to any risks to price stability and take appropriate action at the right time.

Reserve Bank of India: The outlook for grain prices has become clear, supported by active supply-side intervention.

Reserve Bank of India: Worryingly, global economic growth may slow down in 2024.

According to the Wall Street Journal: Tesla (TSLA.O) is in preliminary discussions with Saudi Arabia to build an electric vehicle factory.

Reserve Bank of India: Stability in core inflation reflects a general easing of price pressures.

Reserve Bank of India: Vegetable price adjustment has not yet been completed; more adjustments are expected to push retail inflation down in September.

Reserve Bank of India: The Reserve Bank of India made net purchases of $3.47 billion in the spot foreign exchange market in July.

RBI: Our Economic Activity Index (EAI) forecasts GDP growth of 6.6% in the second quarter of 2023-24.

Reserve Bank of India: The supply side is improving and overall inflation has eased.

Reserve Bank of India: Indian economy is strengthening due to domestic drivers.

JODI: Saudi direct combustion of crude oil increased by 49,000 barrels per day in July to 592,000 barrels per day.

JODI: Saudi crude oil inventories fell by 2.962 million barrels in July to 146.731 million barrels.

JODI: Saudi Arabia’s domestic refinery crude oil processing volume fell by 3,000 barrels per day in July to 2.559 million barrels per day.

Governor of Iran’s Central Bank: Frozen funds have been transferred from South Korea to Qatar.

Market news: Oman Oil Company’s pipeline unit plans to raise up to 297 million riyals through an initial public offering.

Market news: It is reported that sanctioned Iranian oil funds will be transferred to Qatar.

According to RIA Novosti: The Russian Defense Ministry stated that Russia is holding exercises to protect Arctic sea lanes.