India is reportedly considering a significant reduction in taxes for foreign investors on its bonds. This move, recommended by the Reserve Bank of India and seriously considered by the Finance Ministry, aims to align with global norms, attract inflows, and curb the rupee’s depreciation. The rupee recently hit a record low against the U.S. dollar.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend