The Indian economy is showing recovery signs in Q3 FY 2024-25 with an expected growth of 6.7% in the next fiscal year and inflation averaging 3.8%. This provides room for possible rate cuts by the RBI, driven by strong festival activity, rural demand, and improved employment.
Yen weakens after intervention-led surge ahead of BOJ policy decision
The Japanese yen faced renewed pressure after Tokyo intervened in currency markets. The dollar gained as traders questioned the US Federal Reserve’s inflation stance. Japan