GIFT Nifty rallied nearly 1% after reports indicated possible temporary US sanctions relief on Iranian oil exports. Hopes of additional crude supply eased inflation and energy shock concerns, lifting investor sentiment despite ongoing geopolitical tensions, volatile crude prices, rupee weakness, and uncertainty surrounding West Asia negotiations.
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