Is Netanyahu’s star waning in Washington? His latest meeting with Trump suggests it may be 
BOJ Rate Hike Expectations Rise Ahead of September Meeting 
China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions 
Australia Inflation Cools as Core CPI Misses Forecasts, Easing RBA Rate Hike Pressure 
RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
SpaceX Earnings Preview: Bernstein Says 4 Key Factors Will Drive Long-Term Valuation 
Ukraine’s drone strikes are having an impact on Russia — but Russian leaders remain committed to war 
How an OpenAI safety test became a real-world cyberattack on the Hugging Face platform 
Same sparkle, different story: how lab-grown diamonds are transforming the market 
BOJ Seen Holding Rates at 1% While Keeping Inflation Risk Warning 
RBI Eases Policy, Embraces Accommodative Stance
Reserve Bank of India (RBI) on 9th April 2025, cut its policy repo rate by 25 basis points to 6% in the Monetary Policy Committee (MPC) meeting, the second straight rate cut under Governor Sanjay Malhotra. Shedding its traditional approach, the RBI also pursued an "accommodative" monetary policy to energize economic growth amidst global uncertainties like U.S. tariffs that are testing India's export-oriented industries. In doing so, the RBI has tried to boost the economy by reducing the cost of borrowing for people and corporations.
Inflation Within Target, but Global Headwinds Prompt Action
The RBI action preceded India's Feb 2025 retail inflation reading of 3.61% below RBI's 4% target. Despite this, owing to global trade tensions and a U.S. move to charge a 26% tariff for Indian imports, the RBI slashed its FY26 GDP growth prediction. The reduction in interest is a pre-emptive strike to counterbalance the probable deleterious effects of these outside shocks on India's economy.
Market Response Muted as RBI Balances Growth and Inflation
After the announcement, the yield on the 10-year government bond dipped marginally, the rupee dipped marginally, and equity indices dipped around 0.3% each. The RBI move reflects its commitment to strike a balance between economic growth stimulus and controlling inflation in challenging global economic times. The "accommodative" policy reflects a penchant for preferring rate reduction or keeping rates unchanged at the mercy of extraordinary events alone.
Technicals-
Major resistance- 88
Near-term resistance - 86.85
Minor support- 86,85
Trend reversal level- 84.80
