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RBI Governor Shaktikanta Das stated that India's economy remains robust but warned of escalating inflation, potentially surpassing September's 5.5%. He indicated that high inflation might deter interest rate cuts in the upcoming December policy review. Das also highlighted the resilience of India's financial sector and its ability to withstand global economic fluctuations.
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Elon Musk, a staunch supporter of Donald Trump, is poised to play a significant role in the newly elected president's administration. Trump has lauded Musk as a "super genius" and "the greatest cutter," hinting at a potential role for him in streamlining government spending and efficiency.
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Niftys short-term trend remains positive, with a strong breakout above the immediate resistance at 24,500 potentially paving the way for a quick move towards the 25,000 mark. Immediate support is positioned at 24,350, according to Nagaraj Shetti of HDFC Securities.
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