While the Nifty50 has made new highs, performance relative to global markets (the US in particular) has been lackluster. In fact, Nifty has under-performed SPX year-to-date.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,