The US Fed last month cut interest rates for a third time this year, citing a combination of trade-policy uncertainty, slowing global growth & below-target inflation.
Now would be a good time for the govt to revisit the sovereign bonds sale as the corporate tax cut sent the benchmark bond yield surging the most since February 2017.
Goldman Sachs & Citigroup lowered growth projections to 6% for FY20, while Oxford Economics said there’s a risk the expansion could be weaker than that.
With the economy facing a slowdown, the Reserve Bank of India Wednesday cut the repo rate by 35 basis points in its fourth consecutive policy rate cut this year.
Traders said the market was awaiting specific steps to shore up liquidity and address the crisis of confidence in the troubled Non Banking Financial Company (NBFC) sector.
Without my phone, I wasn't thinking about capturing some beautiful textiles for my ‘inspiration gallery’. I was fully present, taking in the colours and patterns on display.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
This is the first major attack on central security forces since last November, when a CRPF jawan was killed and four were injured in an ambush in Jiribam on Manipur-Assam border.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
Muted inflation was the only silver lining. The RBI should stay ahead of the curve in dealing with this spike.