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Though he said that inflation was also likely to rise through most of this year, policymakers still expected the inflation rate to return to the 2% target in the next few years.
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Democratic attorneys general in several states vowed Thursday to file a lawsuit to stop Elon Musks Department of Government Efficiencys from accessing federal payment systems containing Americans sensitive personal information.
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Amid expectations of a softer rate cycle, several banks plan to raise the share of MCLR-linked loans to protect net interest margins from falling sharply when the RBI cuts the repo rate. This strategy aims to balance the impact while retaining customers.
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