On this Business Today report, US Federal Reserve Chairman Jerome Powell has accused the Trump administration of intimidation. Powell declared the move is a ‘consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President’. The bulletin also covers crucial domestic updates, including a statement from the SEBI Chairman that approval for the long-awaited NSE IPO could come this month. This comes as Indian markets remain weak, with the Nifty falling nearly 650 points last week. Other key headlines include Reliance Industries pausing its lithium-ion battery cell project, new crypto KYC rules being unveiled, and precious metal prices hitting new records amid rising geopolitical tensions.
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