Ajay Dua asserts that despite discussions within the BRICS nations, the US dollar will continue to dominate global trade. While there is a gradual decline in its dominance, with countries like India, Russia, and China trading in their own currencies, a significant shift from the dollar remains unlikely in the near future.
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,