The weighted average call rate, the target of the Reserve Bank of India’s (RBI) interest rate actions, also climbed above the repo rate, a development that usually occurs when banking system liquidity is in deficit.
US stocks experienced a notable upswing on Monday following a decline in oil prices that calmed inflation worries and propelled market growth. The S&P 500
* NY Fed survey finds rising worry over future unemployment * NY Fed poll finds little change in expected inflation * NY Fed survey reports
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