Foreign investors have reversed their selling trend and bought Indian equities worth Rs 11,100 crore in the last two sessions. This comes after 38 consecutive sessions of selling. The BJP’s victory in Maharashtra elections and a possible pause in US Fed rate hikes have boosted investor sentiment. However, domestic institutional investors (DIIs) remain net sellers.
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,