RBI initiated a rate-cutting cycle in Feb, reducing the repo rate by 25 basis points, but most banks have not lowered deposit rates significantly. Home loan borrowers have benefitted, but depositors have seen limited impact, with weighted average domestic term deposit rates at an eight-year high. The central bank is expected to announce another 25 basis point repo rate cut, but transmission to banks’ cost of funds may be delayed due to changing depositor behavior and liquidity pressures.
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IND vs ENG, 5th Test: Overcast sky, green pitch, moving ball – welcome to England, Day 1
Day 1 of the fifth Test between India and England at The Oval saw challenging conditions with an overcast sky and a green pitch favoring bowlers, leading to India scoring 204/6 by day's end. Despite some poor shot selections by Indian batsmen, Karun Nair and Washington Sundar managed to stabilize the innings, with the assistant coach suggesting that reaching 300 would be a commendable effort. Want More Context? 🔎
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