Reserve Bank of India (RBI) Governor Sanjay Malhotra has indicated that discussions around a possible interest rate hike are premature at this stage, emphasizing that the central bank will continue to closely monitor economic data before making any policy decisions.
Indian IT stocks witnessed a sharp selloff on Friday morning after global consulting and technology giant Accenture issued a cautious outlook, triggering fears that demand across the technology services sector remains weaker than expected.
