The US dollar is gaining strength. This is impacting commodity prices. Gold and oil prices are expected to fall. The US dollar index is at a crucial level. If it crosses this level, the dollar will strengthen further. Oil production in the US is also high. This will keep oil prices stable.
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,