HC Seeks Update on Maha Prison Recruitment Amid Staff Shortage

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The US Federal Reserve is expected to keep interest rates unchanged, with markets increasingly pricing in a September hike. Persistent inflation, geopolitical tensions, elevated oil prices and upcoming economic data continue to shape policymakers’ outlook and strengthen the case for tighter monetary policy.

Banking stocks fell ahead of the RBI’s monetary policy announcement amid inflation worries and geopolitical tensions. Investors expect the RBI to maintain the current interest rates but are cautious about the central bank’s future stance on inflation.