US stocks sink on Powell rate-cut caution, Trump cabinet picks

November 16, 2024

Wall Street’s major indexes experienced their most significant single-day decline in two weeks, driven by concerns over a potential slowdown in interest rate cuts and reactions to President-elect Donald Trump’s cabinet appointments.

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Indian banks slash FCNR deposit rates by up to 310 basis points

Indian banks have lowered interest rates on foreign-currency deposits significantly. This action follows the closure of the Reserve Bank of India’s special swap window. Banks

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