MENA <> India Corridor 
MENA+ Edition 
Egypt Edition 
UAE Edition 
Saudi Edition 
Logistics (MENA) 
THIS AFTERNOON: International banks join FX deposit race as INR nears another record low
Plus: Adani case shouldn’t have been America’s fight, says DoJ
India is better cushioned for Hormuz’s reclosure but the risk premium is climbing again
Diversified sourcing bought refiners room to manage, a prolonged Hormuz closure would still inflate the import bill, and Qatari LNG…
Rate-hike wagers rebuild across the Fed, BOE, and ECB
An oil spike has flipped the easing narrative. Traders are wagering the Fed unwinds last year’s cuts, with the BOE…
Nayara and Shell take a massive sales hit in India as state-run competitors absorb crude price shocks
Public-sector fuel retailers saw petrol and diesel sales rise nearly 9% in April as buyers shifted from higher-priced private pumps
Indian airlines warn of operational collapse as fuel costs soar
Carriers are seeking government support as higher jet fuel prices raise risks of flight suspensions and capacity cuts
High oil prices could cut up to 80 bps from India growth, says S&P
Plus: Inflation numbers rose sharply in March
Reliance snaps up Iranian crude as India races to expand domestic gas infrastructure
Plus: The Modi government fast-tracks LPG storage and pipelines to shield against Middle East supply shocks
Modi, Jaishankar step up Israel-Gulf outreach as oil rises
Prime Minister Narendra Modi held calls with Israeli and UAE while his foreign minister dialled other MENA leaders
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