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Federal Reserve Chair Jerome Powell Tuesday did not provide any guidance on when interest rates may be cut, saying instead that monetary policy needs to be restrictive for a longer period.
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News and Media
The public offering, which closes on April 22, has been priced in the band of 10-11 apiece, which is 17-29% below the stock's Tuesday closing price of 12.9. Financial markets were shut on Wednesday for Ram Navami.
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Despite RBI's unchanged rates, lenders raised deposit rates by 96 bps in FY24 due to rising credit demand. Liquidity tightened with incremental cash reserve ratio, leading to a multi-year high liquidity deficit.
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Owing to its prolonged political unrest, hundreds of small and medium-sized criminal gangs have found a safe haven in Cambodia. Most of these have either been operated from China or been run by Chinese citizens residing in Cambodia, according to one of persons quoted above.
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The IMF, headed by Vitor Gaspar, warns of elections impacting global debt levels. Fiscal Monitor report notes rising debts from reduced revenues. 2024 faces uncertainty due to elections. China and US deficits are concerning, with 'Great Election Year' complexity.
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News and Media
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