Speaking at the India Global Forum, Union Minister of Commerce and Industry, Piyush Goyal says that he believes that India as a country can help the UK economy grow faster during this time of uncertainty.
On Wednesday, in a post on social media platform X, the bank stated, "The #CentralBankUAE has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 4.40 per cent."
Indian equity markets opened on a weak note on Thursday, as investors are cautious on prospects of a US strike and the uncertain nature of Iran's response.
The US Federal Reserve on Thursday morning (IST) decided to keep its benchmark interest rates unchanged at 4.25-4.50 per cent, maintaining its cautious stance amid evolving economic conditions.
US President Donald Trump on Wednesday (local time) expressed concern over the escalating tensions between Israel and Iran, stating that while he has a plan in place, the outcome remains uncertain.
Iran's supreme leader Ayatollah Ali Khamenei has firmly rejected US President Donald Trump's call for an "unconditional surrender," warning of dire consequences if the United States intervenes militarily in Israel's escalating war with Iran.
The US Federal Reserve on Wednesday decided to keep benchmark interest rate unchanged at a range of 4.25 to 4.5 percent, amid ongoing trade policy shifts and growing pressure from President Donald Trump, The Hill reported.
Hardeep Singh Puri, Union Minister for Petroleum and Natural Gas, on Wednesday assured that there will be no shortage of crude oil and projected stability in fuel prices, despite global uncertainties.
The Indian stock markets ended on a flat note on Wednesday, reflecting the uncertainties arising from the tensions in the Middle East and the US Federal Reserve's policy meeting later tonight.
As the US Federal Reserve gears up for its latest policy announcements, economists and market experts believe that the central bank is likely to keep interest rates unchanged, while keeping the door open for future rate cuts later this year.
Indian stock markets opened under pressure on Wednesday as geopolitical tensions between Israel and Iran entered the sixth day, with the possibility of direct U.S. involvement adding to investor worries.