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Pausing interest rate hike not in my hands: RBI governor Shaktikanta Das

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RBI chief Shaktikanta Das has said that the decision to adjust policy rates was not in his hands, as he is driven by the situation on the ground. RBI hit the pause button in April and decided to keep the key benchmark policy rate at 6.5%. The governor also assured that the Indian banking system remains stable. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GRoEWdp via IFTTT

US stocks: Wall Street ends sharply lower on deadlocked debt ceiling talks

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The S&P 500 benchmark index declined 1.12% to finish at 4,145.58 points, and the Nasdaq Composite fell 1.26% while the Dow Jones Industrial Average slid 0.69% to 33,055.51 points. Meanwhile, Federal Reserve minutes from a meeting in early May are due on Wednesday, which may determine interest rate changes. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Iu9yTO7 via IFTTT

India to leverage 5G to lead tech revolution: US

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First dip in decade: FDI inflows fall 16% in FY23

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StateStreet to make Hyderabad 2nd largest site after HQ Boston, to add 5,000 jobs

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First day of Rs 2,000 note exchange: Small queues seen at some branches

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No great rush was witnessed for exchange when branches opened. Outlets of private sector banks in metro cities in the early hours had business as usual. According to a senior official of a public sector bank, not much rush is seen so far because there is a window of four months for exchange. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2nuTDpx via IFTTT

Adani Ports recoups all stock losses since Hindenburg report

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All 10 Adani Group stocks are on the rise, with Flagship Adani Enterprises and Adani Ports leading. Investors have responded positively to Supreme Court-named panel's report, which found no evidence of stock-price manipulation following a January report by US short seller Hindenburg Research. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/1vi604l via IFTTT