The Reserve Bank of India, under Governor Sanjay Malhotra, is relaxing lending rules. This aims to boost economic growth as inflation cools. Policy rates have been cut, and norms for retail lending have been eased. Credit growth had slowed, but these measures are expected to accelerate it. The RBI is also injecting more liquidity into the banking system.
US stocks today: S&P 500, Nasdaq end higher, notch weekly gains after earnings-heavy week
The S&P 500 and Nasdaq reached record highs, fueled by strong earnings and falling crude prices, marking their longest weekly gain streak since October 2024.