The benchmark Nikkei 225 index rose 1.77 percent, or 608.14 points, to 35,049.86 — the first time the index has risen above the 35,000 mark since February 1990 — while the broader Topix index added 1.57 percent, or 38.39 points to 2,482.87.
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,