Foreign investors continued to divest from Indian financials in early May, withdrawing ₹17,960 crore due to concerns over tighter banking margins and lower appeal compared to other emerging markets. Overall outflows reached ₹38,443 crore across 19 sectors, with services attracting nearly 60% of the limited inflows.
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