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Kotaks comments came after data released in the US on Wednesday showed that inflation there rose more than expected in March. Year-on-year inflation increased 3.5%, the highest increase in six months, and higher than a 3.2% rise reported in February. "US inflation is higher than expected. Postpones US rate cuts to later, closer to US Presidential elections, if at all. Brent oil now $90. Will keep rates higher for longer worldwide including India," Kotak said on X.

India News: The QS World University Rankings: Asia for 2024 has been released, featuring 856 institutions from 25 countries. Peking University has been named the