Expectations are that the MPC will continue to vote for higher interest rates in its next two meetings in September and December taking the Reserve Bank of India’s (RBI) benchmark repo rate at least 50 basis points higher from the current 5.40%. One basis point is 0.01%.
Asian stocks tread water at the start of Fed week
Asian stocks opened cautiously as traders assessed strained China-Japan relations and upcoming central bank decisions. Investor caution grew regarding the AI rally’s sustainability, with markets