Indian market closed in the red for the second consecutive day in a row on Wednesday. The BSE Sensex fell more than 100 points while the Nifty50 managed to hold on to 24,800 levels.
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,