While the American central bank is expected to cut interest rates by 25 basis points, the near-term market trend will depend on the commentary by Fed chair Jerome Powell on the direction of the rates.
Brent crude futures fell $1.01, or 1%, to $114.80 a barrel, while US West Texas Intermediate crude declined 99 cents, or 1.01%, to $100.88 a
Uday Kotak has described India’s $130-billion-plus FCNR(B) mobilisation as a “strong insurance policy” against global shocks, but warned that repayments including interest could reach $160-170
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