Gold prices experienced a slight dip due to receding concerns about a global tariff war and a stronger U.S. dollar. Investors are keenly awaiting the Federal Reserve’s policy meeting for insights into potential interest rate adjustments. Trade discussions between the U.S. and China, along with a trade agreement between the U.S. and EU, are also influencing market sentiment.
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,