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: S&P 500 ends nearly flat as US-Iran talks help stocks pare losses
S&P 500 ended almost flat as Microsoft declined, while Meta Platforms recorded gains amid ongoing market fluctuations. Oil prices surged following geopolitical tensions and a