Overview

• The U.S. Federal Reserve kept its benchmark rate at 4.25–4.5% for a fourth straight meeting and raised its 2025 inflation forecast to 3%, signaling a slower path to cuts.
• Renewed Iran-Israel exchanges have dampened risk appetite, contributing to a decline in crude prices and weighing on Asian equities.
• Indian indexes dipped on June 18, even as foreign investors net-bought ₹890.93 crore of shares and the rupee weakened by 23 paise to 86.47 per dollar.
• Jio Financial Services completed its takeover of the remaining 7.9 crore shares of Jio Payments Bank from SBI, making the payments bank a wholly owned subsidiary.
• Siemens Energy India began trading on the BSE and NSE today, while Hero MotoCorp plans to launch its Vida VX2 electric scooter with a Battery-as-a-Service model on July 1.