Swaminathan Aiyar suggests the Reserve Bank of India might lower interest rates. This decision hinges on a possible US recession. The US Federal Reserve’s approach to inflation and interest rates could restrict the RBI’s moves. Aiyar notes India has managed well with higher rates. Therefore, immediate cuts are not crucial.
Sensex rises over 400 points, Nifty tops 24,100 as oil slips below $70 on US-Iran peace talks
Indian stock markets saw a second day of gains, with Sensex and Nifty inching up as oil prices plummeted to $70 a barrel amid US-Iran