(Bloomberg) -- India’s central bank governor signaled he’s in no hurry to cut interest rates despite recent softening in inflation in the world’s fastest...
-- India’s central bank governor signaled he’s in no hurry to cut interest rates despite recent softening in inflation in the world’s fastest-growing major economy.“Inflation has been brought within the target band of 2-6%, but our target is 4%,” Governor Shaktikanta Das said on Friday at a forum organized by The Bretton Woods Committee in Singapore.
Most economists don’t expect the RBI to ease borrowing costs until the final quarter of this year, predicting it will likely move only after the Federal Reserve pivots. However, some say there are signs that urban consumer demand is faltering and rates should be lowered to support economic growth. Last quarter’s dip in growth to 6.7% was largely due to weaker government spending during the elections, he said. “All the other drivers of growth, whether it is consumption, investment, or on the supply side, like agriculture, industry or services, all of them have recorded 7%-plus growth in the first quarter” of the fiscal year, he added.
We came across a bullish thesis on Uber Technologies, Inc. on Rijnberk InvestInsights’s Substack by Daan Rijnberk. In this article we will summarize the bulls’ thesis on UBER. Uber Technologies, Inc. share was trading at $70.11 as of Sept 11th. Uber’s stock, while reaching an all-time high of over $80 earlier this year, has seen a
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