Nilesh Shah, MD & CEO of Envision Capital, highlights the budget’s focus on consumption with tax cuts raising exemption limits. This measure is expected to boost the middle class and lower the fiscal deficit, indirectly enhancing capital expenditure by reducing the cost of capital and fostering investment.
Volatile yen draws intervention watch, other currencies subdued
In response to last week’s notable drop, currency markets have been closely monitoring the yen. Reports suggest that Japanese officials are conducting rate checks, hinting