Boe,fed, rupee
Bank of England cut interest rate form 16 year high , British consumer price inflation returned to the BoE’s 2% target in May and stayed there in June, down from a 41-year high of 11.1% struck in October 2022. fed But markets appear to have made up their minds. Fed funds futures are now pricing in a 100% chance that the Fed will cut rates by at least 0.25 percentage point at the next meeting in September, including a 15% chance of a half-point cut, according to the CME Group’s FedWatch tool. Rupee settles at 83.73 and oil at 81.77 Nifty hit 25 k and nifty close at 25010.90 and banknifty with 51564 as per yesterday And goldbees had little increase end with 59.09 because of september interest rate cut Bank sector at pressure: Margin pressure pushing banks to go slow on lending Over the past 3 months, incremental credit offtake has lagged deposit growth, a report said
