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Rate cut with 7% of growth never happened in India or globally: SBI

The Reserve Bank of India (RBI) has projected India's real GDP growth for FY25 at 7.2 per cent, post Monetary Policy Committee (MPC) meeting.

The report raises the intriguing possibility that the RBI might be laying the groundwork for a rate cut, despite the strong momentum in economic growth.
Published on Oct 10, 2024 10:50 AM IST
ANI |

Rupee flat as oil firms' dollar bids offset impact of rise in Asia FX

INDIA-MARKETS-RUPEE:Rupee flat as oil firms' dollar bids offset impact of rise in Asia FX

Rupee flat as oil firms' dollar bids offset impact of rise in Asia FX
Published on Sep 16, 2024 10:51 AM IST
Reuters |

Yen Watchers on Alert for Test of August High on US Payrolls

Currency strategists see a strong chance of the yen testing its August high versus the dollar later Friday if payrolls data boost bets for a jumbo rate cut by the Federal Reserve this month.

Yen Watchers on Alert for Test of August High on US Payrolls
Published on Sep 06, 2024 10:05 AM IST
Bloomberg |

US stock market plunges in recession fears, rising unemployment, tech stock fall

The US stock market crashed due to investor concerns of a recession led by increase dunemployment, high interest rates for too long, and falling tech stocks

US stock market plunges and bond yields fall due to recession fears (Reuters)
Published on Aug 03, 2024 11:23 AM IST

China cuts 1-year benchmark rate to boost economy as world markets languish

The People’s Bank of China said it cut the lending rate for one-year medium term policy loans by 20 basis points to 2.3%.

The Chinese national flag flies at half-mast at the headquarters of the People’s Bank of China, the central bank (PBOC), as China holds a national mourning. National flags were lowered to half-mast across the country, including in the capital’s Tiananmen Square. (Carlos Garcia Rawlins / REUTERS)
Published on Jul 25, 2024 09:51 AM IST
AP |
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