High food inflation and incomplete transmission of the 250 basis point policy rate hikes since May 2022 could delay the Reserve Bank of India’s (RBI) rate cut. Transmission through loan and deposit rates varied between 111 and 245 bps until May 2024, except for loans linked to external benchmarks, which had immediate full transmission.
S&P 500 ends higher as Oracle reignites AI rally; Boeing drops
The S&P 500 saw gains on Thursday. Oracle’s positive AI forecast boosted market confidence. Tech giants like Microsoft and Nvidia also experienced growth. However, Boeing