Asian equity-index futures saw gains following positive Wall Street performance driven by cooling US inflation data, bolstering expectations for Federal Reserve rate cuts. The dollar weakened, and Treasury yields declined. Geopolitical tensions and potential tariff increases introduced some market uncertainty, while optimism grew regarding corporate investment due to anticipated deregulation and tax cuts.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.