Asian stocks declined following mixed US inflation data, leading traders to reduce bets on Federal Reserve interest rate cuts. Concerns about persistent inflation were reinforced by comments from Federal Reserve Bank of Dallas President Lorie Logan, suggesting a cautious approach to monetary policy.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.