Archive · 1 Aug 2025
Oil Prices Rise Amid Tariffs; RBI to Hold Rates
Oil prices went up a little despite new tariffs the US put on other countries.
The US tariffs on India are not expected to change the Reserve Bank of India's plan to keep interest rates the same.
India may buy less oil from Russia because of the tariffs.
Economists think tariffs may slightly slow down India's economy.
Crude oil prices increased on Friday morning despite US tariffs.
Brent crude futures rose 0.32% and WTI rose 0.32%.
Trump imposed tariffs on US imports from various countries.
Indian refiners may stop purchasing Russian oil due to tariffs.
Economists expect minimal impact from tariffs on RBI rate decisions.
- Who
- Oil traders, economists, and RBI
- What
- Crude oil prices increased despite US tariffs.
- When
- Friday, August 1, 2025
- Where
- Global Markets, India
- Why
- Market reaction to tariffs and trade policies.
Hawkish Economists
Neutral Economists
Rate Decision Impact
Hawkish Economists
Expect no change in rates despite tariffs.
Neutral Economists
Tariffs may moderately impact growth.
- Brent Oil Futures
- $71.93, up 0.32%
- WTI Futures
- $69.48, up 0.32%
- RBI Rate Decision
- Likely to hold
- India Goods Trade Surplus w/ US
- $40 Billion (FY25)
- RBI CPI Inflation Forecast
- Revised to 3.3-3.4%
Sources
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