Will Fed rate cut hurt inflows into India? Ajay Seth answers
- Posted on September 19, 2024
- By Business News Today
- 3 Views
Will Fed rate cut hurt inflows into India? Ajay Seth answers
The U.S. Federal Reserve's recent 50 basis points interest rate cut is not expected to significantly impact inflows into India, according to Economic Affairs Secretary Ajay Seth. Despite the rate reduction, Indian markets responded positively with Sensex and Nifty reaching new highs. The Fed plans further cuts this year and in 2025.