🧵 1. US Fed's rate cut won't have major impact on India's inflows, says Economic Affairs Secretary. RBI will make decisions based on what's best for the Indian economy. #finance
🧵 1. US Fed's rate cut won't have major impact on India's inflows, says Economic Affairs Secretary. RBI will make decisions based on what's best for the Indian economy. #finance
🧵 2. US Fed's 50-basis point rate cut not expected to significantly affect foreign inflows into India, says Ajay Seth. Global markets' behavior also key factor.
🧵 3. Reserve Bank of India's Monetary Policy Committee meeting scheduled for October 7-9, to decide on interest rates. Impact of US Fed's rate cut on India expected to be limited.
🧵 4. Chief economic advisor believes impact of US rate cut on India will be muted, as most of it was already factored in. RBI has maintained repo rate at 6.50% since February 2023.
🧵 5. CPI inflation in India edged up to 3.7% in August. RBI focused on bringing down inflation to 4% on a sustainable basis. Interest rate decisions based on Indian economy's needs.
🧵 Read more at: https://www.financialexpress.com/policy/economy-fed-rate-cut-wont-significantly-impact-inflows-to-india-seth-3616175/