Jumbo rate cut by Fed good for Indian mkt, eco: Experts
The US Federal Reserve's decision to cut interest rates by half a percentage point is expected to positively influence the Indian economy by attracting foreign investments, stabilizing the rupee, and boosting stock markets. Although it may not significantly affect capital flows immediately, it could lower borrowing costs and encourage investment. Economists predict RBI might follow suit early next year.
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Sep 19, 2024
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The US Federal Reserve's decision to cut interest rates by half a percentage point is expected to positively influence the Indian economy by attracting foreign investments, stabilizing the rupee, and boosting stock markets. Although it may not significantly affect capital flows immediately, it could lower borrowing costs and encourage investment. Economists predict RBI might follow suit early next year.
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