Oil markets showed little reaction to Donald Trump’s claim that India would cease buying Russian oil. Experts cite skepticism due to a lack of official comment from India and ongoing trade talks. Market focus remains on economic factors and expectations of a crude oil glut.
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,