The euro was 0.32% higher at $1.0747, while European stock futures rose 1% as exit polls showed Marine Le Pen’s eurosceptic National Rally emerged ahead in the first round of the French vote but with fewer votes than some analysts had forecast.
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,