The US Federal Reserve has reduced its benchmark interest rate by 25 basis points, setting the new federal funds target range at 3.50% to 3.75%. This marks the third rate cut of 2025, as the central bank aims to support an economy showing signs of slowing while keeping inflation in check.
Andhra Pradesh Chief Minister N. Chandrababu Naidu has instructed senior officials to negotiate with banks and financial institutions to reduce the interest rates being charged on loans taken by the state government. Naidu said lowering borrowing costs is essential for improving the state’s financial stability and easing long-term repayment burdens. Savings Expected















