Indian Rupee: The Indian rupee ended at 85.705 per US dollar on Wednesday, gaining marginally amid dollar inflows and financial year-end positioning. Traders focus on upcoming US tariff decisions, while 85.40/$1 acts as a support level for the currency.
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,