The government is meticulously watching banks to ensure the transmission of the recent RBI rate cut to borrowers, as officials warn that insufficient rate cuts would be addressed. The RBI’s quarter-percentage-point cut aims to reduce borrowing costs, but historical precedents show mixed transmission effectiveness.
Oil prices surge amid Middle East conflict: How Indian oil stocks performed last week?
Oil prices saw a massive rally last week amid the raging war in the Middle East, as the Strait of Hormuz effectively closed for traffic,