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Rising global crude oil prices, fueled by the Israel-Iran conflict, pose a risk to India, according to the chief economic adviser. While past spikes, like during the Russia-Ukraine war, were weathered, the impact hinges on the extent and duration of the price increase. Despite global uncertainty, India's economy is projected to maintain a 6.5% growth rate.
US Fed keeps rates steady for 4th meet
https://timesofindia.indiatimes.com/business/india-business/us-fed-keeps-rates-steady-for-4th-meet/articleshow/121943035.cms

The US Federal Reserve has maintained steady interest rates, signaling potential cuts later this year. However, projections indicate a slower pace of future reductions due to anticipated higher inflation, possibly influenced by Trump's tariff plans. Economic forecasts suggest slower growth at 1.4% this year, rising unemployment to 4.
Top stock market recommendations: Aakash K Hindocha from Nuvama Professional Clients Group recommends Kaynes, Mahanagar Gas Limited (MGL), and Gland Pharma as top stock picks for today. Nifty is expected to consolidate between 24650 and 25050, while Bank Nifty ranges from 55400 to 56200.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Thursday following global cues. While Nifty50 was near 24,800, BSE Sensex was below 81,450.
Gold and silver price prediction: Gold is testing a crucial support zone around ₹98,700, presenting a buying opportunity with a target of ₹1,01,000 and a stop-loss below ₹98,000. Silver has surpassed ₹109,000, indicating a bullish trend supported by a completed pattern, targeting ₹111,900 with a stop-loss at ₹107,500, influenced by geopolitical tensions.
US president Trump criticised Federal Reserve Chairman Jerome Powell for not cutting interest rates, labeling him a "real dummy" and blaming him for economic harm. This came after the Fed decided to hold steady, citing a need to monitor inflation and the impact of new tariffs. The Fed also revised its economic outlook, lowering growth forecasts and raising inflation expectations.
India will send the severely damaged black box from the Air India Boeing 787 crash to the United States for detailed analysis. Data extraction in India has proven unfeasible due to extensive fire damage. The National Safety Transport Board in Washington will examine the Digital Flight Data Recorder.
2025/07/07 20:47:05
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