Ficci president Anant Goenka advocates for steady interest rates, citing supply-side price pressures from the West Asia crisis. He suggests restricting rupee intervention to volatility management and believes foreign capital will return after market corrections, while emphasizing proactive engagement with FTAs and focus on sunrise sectors for manufacturing.
US stocks today: Dow Jones drops over 500 points as Middle East tensions escalate
Wall Street closed lower as Middle East tensions and rising oil prices triggered inflation concerns and profit booking. Financials and tech stocks led declines, though