Indian markets rebounded strongly on Friday, snapping a three-day losing streak, driven by gains in financial stocks after RBI eased provisioning norms. Easing Middle East tensions, a drop in crude prices, and strong investor sentiment contributed to the rally. Key stocks saw heightened activity, while technical indicators suggest upward momentum.
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,