Trump’s proposed 25% tariffs on goods from Canada and Mexico, along with a cumulative 20% levy on China, are set to take effect at 10:31 a.m. IST on Tuesday. The U.S. president also announced reciprocal tariffs starting April 2.
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,