LIC-owned NBFC shares with ₹50 allotments and ₹34 crore in NCDs

In July, as anxiety over U.S. trade and tariff policy rippled across the world economy, emerging market central banks made their biggest rate-cutting push in years, while their developed market counterparts remained stable. According to data, seven central banks from a Reuters survey of 18 emerging economies made 625 basis points (bps) in cuts in July, the most since at least 2022. The actions were prompted by Russia's central bank setting the benchmark 200 basis points lower and Turkey's policymakers going back to easing with a 300 basis point drop. In July, central banks in Chile, South Africa, Malaysia, Poland, and Indonesia all lowered their rates by 25 basis points apiece, while six other central banks chose to make no changes.