With future price pressures appearing benign and credit demand subdued, some economists are advocating for an outsized 50-basis-point rate cut by the Monetary Policy Committee (MPC). This move aims to revive the credit cycle and boost economic momentum, potentially counterbalancing uncertainty.

India is likely to increase bond buybacks and switches to longer maturities this fiscal year to lower its combined fiscal deficit, aiming for sovereign rating upgrades that have remained unchanged for nearly two decades. Economists suggest that maintaining the fiscal gap below 7% of GDP is crucial for rating agencies to consider an upgrade, with the government budgeting ₹2.

At a conference in London on Thursday, she said the bank was testing a number of uses for the technology, from providing early warning signals of financial crises to analyzing the labour market, and found that it can produce useful short-term predictions about the direction of consumer prices.

Ahead of its bi-monthly monetary policy review, the Reserve Bank of India (RBI) accepted ₹23,855 crore worth of bids in its bond buyback, 95% of the notified amount. Despite the acceptance, market enthusiasm was muted compared to January s exercises.

Asian equities are trading cautiously as investors await US jobs data for clues on Federal Reserve interest rate decisions. Tesla shares plummeted after Elon Musk s spat with Donald Trump, overshadowing optimism from renewed US-China trade talks. Despite Trump s positive comments, analysts remain skeptical about a lasting trade resolution, while China faces scrutiny over currency transparency.

Indian stock markets are showing signs of recovery. SpiceJet is dealing with an insolvency tribunal matter. JSW Energy has commissioned a renewable energy project. Dr Reddy’s collaborates with Alvotech for a biosimilar drug. ICICI Prudential Life disbursed loans. IREDA launched a qualified institutional placement. Coal India signed an MoU. Bajaj Finserv promoters may sell stake.

Eid al-Adha, also known as Bakrid, will be celebrated in India on June 7, leading to closures for most public offices, schools, and banks on June 6. However, stock markets like NSE and BSE will remain open. The festival commemorates Prophet Ibrahim s faith. Upcoming stock market holidays in 2025 include Independence Day, Diwali, and Christmas.

Wall Street concluded Thursday s trading session lower, influenced by a significant drop in Tesla shares amid a feud between CEO Elon Musk and President Trump. This offset positive sentiment from potential progress in U.S.-China tariff discussions, as both leaders expressed interest in visiting each other s countries.

Gold prices saw a rise on Friday, potentially securing weekly gains. Weaker U.S. economic data and a softer dollar boosted demand. Investors are awaiting U.S. payroll data for Federal Reserve insights. Unemployment benefits applications increased. Donald Trump and Xi Jinping discussed trade tensions. Wall Street closed lower amid a dispute. Silver, platinum and palladium are also headed for weekly gains.

The dollar faced a weekly loss due to signs of U.S. economic fragility and stalled trade negotiations. Markets awaited the U.S. nonfarm payrolls report, crucial after weak economic data highlighted the impact of tariffs.