The S&P 500 saw gains on Thursday. Oracle’s positive AI forecast boosted market confidence. Tech giants like Microsoft and Nvidia also experienced growth. However, Boeing shares declined due to a tragic plane crash in Ahmedabad. Rising Middle East tensions added to market concerns. Investors are anticipating potential interest rate cuts by the Federal Reserve.
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.