The Reserve Bank of India is widely expected to maintain interest rates and its policy stance unchanged due to global economic uncertainties, including the US-Israel conflict impacting energy prices and fiscal deficit concerns. Policymakers will closely monitor the rupee’s performance and potential capital outflows, with the RBI possibly considering measures to support the currency without an aggressive immediate response.
US stocks today: US stocks end higher on cool inflation data, strong earnings
Wall Street closed higher as softer US producer inflation and strong early Q2 earnings boosted sentiment. PayPal surged on a reported buyout offer, while BlackRock