In light of the recent 50 basis points (bps) rate cut by the US Federal Reserve, the Reserve Bank of India (RBI) may consider a similar move, potentially announcing a rate cut by February 2025, according to a report by SBI Research.
A US federal judge agreed to a request by Hunter's attorney to push back the date of the junior Biden's first criminal sentencing, slated on November 13 by three weeks, after the Presidential elections
The US Federal Reserve's move to cut the rate by 50 basis points will facilitate flows to emerging markets. Experts say a weaker dollar and lower rates are favourable for India and emerging economies.
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.
Investors across financial markets, including in India, will look for fresh cues from the outcomes of the upcoming US monetary policy review meeting later this week, particularly the extent of interest rate cut, if any.
Investors across financial markets, including in India, will look for fresh cues from the outcomes of the upcoming US monetary policy review meeting next week, particularly the extent of interest rate cut, if any.
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.