India’s central bank is likely to cut benchmark interest rates by 25 basis points to 6.25% in its policy meeting as easing inflation allows for economic stimulation, despite the rupee hitting record lows. The move would mark the first rate cut in nearly five years, with traders expecting further cuts in the coming months under new RBI Governor Sanjay Malhotra. The delay in U.S. tariff implementation provides room for the RBI to prioritize domestic growth and reduce policy rates, with a shift to a more accommodative stance anticipated.
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Donald Trump Makes A Cost Estimate That Reflects The ‘Fairy Tale World’ He Lives In
US President Donald Trump criticized the high-speed rail project in California during an executive order signing ceremony in the Oval Office, suggesting that flying costs only $2. He faced backlash on social media for his remarks, with many pointing out the unrealistic nature of his claim. The rail project, now reportedly budgeted at $100 billion more than its initial estimate, has been a target for federal funding cuts and was previously criticized by Trump in...
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