Saudi Arabia supports cooperation between oil producers to stabilize the oil market but Russia`s opposition to a proposal last month to deepen oil supply cuts has caused market turmoil, a senior Gulf source familiar with Saudi thinking told Reuters.

Saudi wants cooperation to bolster oil, blames Russia for turmoil

Inflation is expected to accelerate after the government’s budget last week widened its fiscal deficit target for the fiscal year starting in April to help finance a sharp increase in spending in the rural areas and on healthcare

RBI expected to keep rates on hold in policy decision

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Saudi wants cooperation to bolster oil, blames Russia for turmoil

RBI expected to keep rates on hold in policy decision