High food inflation and incomplete transmission of the 250 basis point policy rate hikes since May 2022 could delay the Reserve Bank of India’s (RBI) rate cut. Transmission through loan and deposit rates varied between 111 and 245 bps until May 2024, except for loans linked to external benchmarks, which had immediate full transmission.
US Stocks: Trade Desk shares drop 5% after report that Publicis advised clients against using its platform
Trade Desk shares dropped significantly after French advertising giant Publicis Groupe advised clients to avoid the platform. An independent audit found Trade Desk violated agreement