Swaminathan Aiyar suggests the Reserve Bank of India might lower interest rates. This decision hinges on a possible US recession. The US Federal Reserve’s approach to inflation and interest rates could restrict the RBI’s moves. Aiyar notes India has managed well with higher rates. Therefore, immediate cuts are not crucial.
Eicher Motors Q1 Results: Profit jumps 21% to Rs 1,462 crore
Eicher Motors has announced an impressive 21.4 percent rise in profits for the first quarter. Royal Enfield has set a new benchmark with its highest