St. Louis Fed President Alberto Musalem stated that the US central bank should not cut interest rates further unless the job market weakens or inflation drops. He believes the current policy rate is neutral, with the economy poised for above-trend growth.
Oil prices dropped as market participants assessed a pause in US strikes on Iran. Hopes for a diplomatic solution eased concerns about Middle East energy
India has attracted nearly $32 billion in foreign capital since the RBI announced special inflow measures on June 5, Governor Sanjay Malhotra said. FCNR(B) deposits
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