The S&P BSE Sensex rose nearly 500 points while the Nifty50 rose above 20,200 levels on Friday. The Nifty future closed positive with gains of 0.44% at 20360 levels.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,