As RBI has decided to pause even when the inflation was trending above 6%, we expect the bar for any further rate hikes is much higher now as the inflation for FY24 is expected to moderate and remain within the upper threshold.
The dollar is poised for a weekly gain against major currencies amid optimism surrounding potential U.S.-China trade talks, fueled by a recent U.S.-UK trade agreement.
Oil prices surged nearly 2% on Friday, marking their first weekly gain since mid-April, fueled by optimism surrounding a U.S.-UK trade agreement and upcoming U.S.-China
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