Malayan Banking News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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KUALA LUMPUR: Bursa Malaysia extended last week’s gains to close higher for the third consecutive session yesterday, with the key index hitting a 52-week high amid an upbeat regional performance.

The Reserve Bank of India is expected to delay cutting interest rates until the final quarter of the year, according to a Bloomberg survey. The RBI may reduce its benchmark repurchase rate by 50 basis points in the October-December period before pausing, due to rising inflation risks and the US Federal Reserve keeping rates steady. Governor Shaktikanta Das has maintained a hold on rates, waiting for inflation to stabilize around the central bank's 4% target. Economists predict that India's growth and inflation dynamics are healthy, but global and geopolitical developments, particularly decisio...

The RBI may start cutting its benchmark repurchase rate, currently at 6.5%, by a total of 50 basis points in the October-December period before pausing for a few months, the monthly survey shows. In the previous survey, economists had predicted a reduction in July-September quarter.

Strong dollar means Asian central banks likely to delay easing