AJaj Bagga predicts an increase in crypto and gold prices due to political instability in South Korea. There will be a flight to safety, boosting investments in the yen, dollar, and US treasuries. South Korea’s status as a key hub in global tech supply chains may be disrupted, affecting market sentiment.
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,