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Economist Garima Kapoor anticipates a 50 basis point rate cut by the RBI in FY26, citing easing inflation and robust public capex. She highlights deregulation initiatives as unique, while noting risks from the external sector and potential impacts on rural demand. Kapoor believes the RBI is strategically holding its ground amid global uncertainties.
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US tariffs also came into effect on imported timber, kitchen cabinets and upholstered furniture.
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Customers worry about missing parcels as shipping companies struggle to handle a flood of packages facing new customs and tariff rules.
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