A half percent drop in interest by the Federal Reserve is not directly linked to lowering mortgage rates on their own.
The RBA has kept interest rates on hold at 4.35 per cent, saying inflation is still too high to start cutting rates.
IST, the barometer index, the S&P BSE Sensex shed 62.54 points or 0.07% to 84,868.37. The Nifty 50 index lost 11.35 points or 0.04% to 25,927.70.
The RBA has kept interest rates at 4.35 per cent – marking 10 months since the last rate move and nearly four years since the ...
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