The dollar stabilized as expectations grew for a Federal Reserve rate cut following a surprise drop in U.S. producer prices. Markets anticipate a rate cut, with attention on the size of the reduction and potential changes to the Fed’s rate-setting panel. Elsewhere, the yen remained steady, while the euro rose ahead of the ECB meeting amid geopolitical tensions.Read More
The Australian and New Zealand dollars showed stability near recent high points. Investors are keenly waiting for the U.S. inflation figures. Technical momentum supported potential gains. The Reserve Bank of Australia is unlikely to ease rates soon. Meanwhile, the Reserve Bank of New Zealand maintains a dovish outlook. Australian gold exports have surged significantly this year.Read More
Singapore’s Temasek-backed Fullerton Financial is re-entering Indian financial services. It plans to invest ₹2,000 crore in Lendingkart Finance. This will help Lendingkart expand its loan book. Fullerton has already increased its stake in Lendingkart Technologies. It has also assumed management control. The company aims to disburse fresh loans and launch secured products.Read More
ICRA Ratings anticipates one-year bank deposit rates have bottomed out at 6%, projecting a moderate transmission of policy rates to lending rates by Q4. While deposit rates are unlikely to fall to pandemic levels, banks might lower them if credit growth lags and liquidity remains high.Read More
Several prominent saree retailers from South India, including RSB Retail, Marri Retail, Pothys, and Nalli Silk Sarees, are preparing to launch IPOs in the next 6-8 months, aiming to raise approximately ₹20,000 crore.Read More
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