The MPC minutes reveal a cautious stance, with some members acknowledging room for an August rate cut, while Governor Malhotra highlighted external growth challenges. Uncertainty surrounding trade policies and the impact of past easing measures influenced the decision to maintain the status quo. Members opted to wait and assess the full transmission of previous policy actions before considering further cuts.
Big investors, fearful of September's typical seasonal declines, exited profitable stock positions on Tuesday, according to investors and trading company research, a sign the selloff in tech may be driven by a broad aversion to risk.
