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Indian markets saw a positive close on Friday. Investors are keenly watching for a Federal Reserve interest rate cut next week. Economic data released showed consumer spending rose and consumer sentiment improved. This has boosted hopes for a rate reduction. All eyes are now on the Fed meeting for policy hints.
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In a bold strategy to boost economic resilience, the central bank is channeling a hefty sum into the banking system. By leveraging open market operations alongside dollar-rupee buy-sell swaps, an impressive 1.45 lakh crore will flow in to optimize liquidity and facilitate effective monetary transmission.
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Friday saw a remarkable uptick in Indian stock markets as the Reserve Bank of India decided to lower interest rates by 25 basis points. This strategic decision, along with signals of continued easing, infused confidence into investors. The Nifty and Sensex indices experienced a solid recovery, pushing past previous weekly dips.
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