New Delhi, July 19 -- Retail inflation in India dropped to2.10% in June, the lowest level in over six years. This unexpected decline in inflation, driven by falling food and energy prices, has increased expectations that the Reserve Bank of India (RBI) could consider an early interest rate cut. A potential rate cut would reduce borrowing costs for consumers and businesses, stimulate demand across sectors such as housing, automobiles, and MSMEs, and support the broader economy. This shift could also enhance credit growth and liquidity in the financial system, making it a highly positive signal for the markets.

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