Headline inflation in India also remains fairly benign with persistent inflation pockets like vegetable prices unlikely to be materially influenced by monetary policy. All in all, we see a high likelihood that a cut is coming.
Asian stocks hit a record high, fueled by a surge in technology shares and easing geopolitical tensions. South Korea’s SK Hynix reached a $1 trillion
Gilt funds invest in government securities. These funds are sensitive to interest rate changes. Rising yields have recently led to weak returns for gilt funds.
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