Global equities rallied after the US Federal Reserve’s 25-basis-point rate cut, though future moves remain uncertain due to a divided Fed stance. The central bank also announced a $40 billion monthly Treasury bill purchase to manage liquidity, boosting market sentiment. Investors will monitor data dependency and liquidity measures for interest rate outlooks.
Axis Bank set to raise $700 million through ECB swap facility
Axis Bank is set to secure seven hundred million dollars through a dedicated external commercial borrowing facility. This loan features two tranches with tenures of