Asian stocks declined on Monday following US jobs data, raising concerns about the Federal Reserve’s timing on interest rate cuts. Markets in Australia, Japan, and South Korea saw losses, while US futures remained steady. The dollar held firm, and iron ore prices fell below $90 a ton for the first time since late 2022.
RBI likely to hike repo rate by 25 bps to 5.50% in October policy: ET Poll
On Monday, the Reserve Bank of India’s Monetary Policy Committee will hold important meetings. Analysts are anticipating a 25 basis points increase in the key