The U.S. Federal Reserve’s recent interest rate cut, signaling further easing due to labor market concerns, has triggered a global monetary policy shift. The dollar is weakening, boosting the euro, yen, and pound. Gold and silver prices have surged to record highs, while base metals show mixed trends. Crude oil prices remain steady amid oversupply concerns.
IDBI Bank Q2 results: Net profit tanks 39% YoY to Rs 2,205 crore; NII dips 49% YoY
IDBI Bank reported a 39% year-on-year profit decline to Rs 2,205 crore in Q2 FY27, impacted by a one-off gain in the previous year. Excluding