Key Points
New Delhi: The impact of the US Federal Reserves move to cut the benchmark interest rate will be muted for India as it was mostly priced in, Chief Economic Advisor V Anantha Nageswaran said on Thursday...
He said that the Indian stock market is already attracting investor interest and overall the rate cut is positive for emerging markets...
The impact on India will be little muted much of it (rate cut) priced in, Nageswaran said at Deloittes Government Summit 2024...
On Wednesday, the US Federal Open Market Committee voted to cut the federal funds rate target range by 50 basis points to 4.75-5.00 per cent from 5.25-5.50 per cent, against expectations of a cut half that size...
Earlier in the day, Economic Affairs Secretary Ajay Seth said that the rate cut is unlikely to have any significant impact on foreign inflows into India...
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