Key Points
The 0.25 per cent hike in interest rates by the US Fed was on expected lines, analysts said on Thursday, expecting its Indian counterpart to take a balanced view in its policy formation going forward..
Edelweiss mutual fund's managing director and chief executive Radhika Gupta said as the actions were on expected lines, US and Indian markets showed resilience...
"With crude prices inching up again due to supply cuts and expected optimism in China's recovery, it will be important to track the inflation prints for July and August," he said, adding that from the Indian context, increasing vegetable prices due to erratic monsoon and soaring crude will add to inflationary pressures...
"The rally in the past couple of days is expected to continue albeit at a slower pace," he said, adding that movement of the yellow metal prices domestically will largely be guided by the economic data in the West and the magnitude of the recession in the US...
Rohit Arora, the chief executive and co-founder of Biz2credit and Biz2x, said the potential risk of a recession can adversely impact Indian exports, and rising oil prices present additional challenges..
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