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.
US Stock Market: Wall Street indexes hit record highs as oil falls with Strait of Hormuz declared open
Major US stock indices, including the S&P 500 and Nasdaq, closed at record highs Friday, fueled by optimism over Iran’s decision to open the Strait