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Banks and NBFCs like HDFC Bank, Yes Bank, and Bajaj Finance have started cutting deposit rates, signaling a downward trend in interest rates. The Reserve Bank of India is expected to announce another repo rate cut soon, which will further enhance liquidity and likely lower lending rates.
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The president says the US has been "pillaged, raped and plundered" for years by international trade partners.
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The UK has been hit with 10% tariffs by the US, but there is uncertainty of the impact of them.
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