Foreign Portfolio Investment (FPI) in India witnessed a significant decline this week amid market volatility driven by concerns over possible interest rate cuts by the U.S. Federal Reserve.
AAP leader and proposed Delhi Chief Minister Atishi on Friday said that if people in the national capital do not make Arvind Kejriwal chief minister, they will see expensive electricity, and long power cuts as in Uttar Pradesh under the BJP government.
Kadapa (Andhra Pradesh) [India], September 19: The International Youth Development Foundation (IYDF) and Manu's Cuts N Curves Fitness Center teamed up to organize a heartfelt charity event at the Shalom Anadha Sharnalayam Orphanage. This event aimed to provide 40 orphans with essential livin
The Indian stock market on Thursday reacted with a strong positive sentiment to the US Federal decision that reduced interest rate to 50 basis points, marking the first decrease since 2020.
Faced with high inflation during the COVID-19 pandemic, the US monetary policy committee raised the policy rate by 425 basis points in 2022 and another 100 basis points in 2023 as part of its commitment to restoring price stability.
"Initially, the rate cuts will be credit negative for most US banks. We expect their deposit costs to reprice downward more slowly than their loan yields, constraining net interest income, which is most banks' largest revenue source." Said the report
This comes after Congress MP Rahul Gandhi, in the USA, said that the Dalits, Adivasis and OBC communities are still not getting participation in the system, adding that India is not a 'fair place'.
As the date for the U.S. Federal Reserve's anticipated rate cut draws near (September 18), investors remain cautiously optimistic about its potential effects on various sectors.
American central bank US Federal Reserve will most likely cut key interest rates twice this year -- once this month and again in December, anticipates S&P Global Market Intelligence.
The Indian stock markets are on the brink of entering a new phase, marked by potential rate cuts from the U.S. Federal Reserve, highlighted a report by Nuvama.