An index of Asian shares retreated while equity futures for US stocks rose slightly, indicating shares may bounce back after the S&P 500 fell more than 2% Monday. A gauge of the greenback steadied in early trading, after weakening to a 15-month low. Gold jumped to another record on haven demand.
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,