What is the impact on the Indian economy post Fed rate cuts?
==========
The US Federal Reserve cut its interest rate by 50bps to 4.75-5% for the first time in four years on September 20, 2024; the Fed is expected to systematically cut rates by about 250bps until 2026; the Indian Rupee appreciated to Rs 83.69 against the US Dollar; Dharmakirti Joshi from CRISIL stated that RBI's monetary policy will depend on domestic inflation and CPI rates; Madan Sabnavis from Bank of Baroda noted that the rate cuts were anticipated and had minor effects on currency and bond yields; long-term growth in the Indian economy is expected with rising per capita income as GDP increases.
#UsFed #IndianEconomy #InterestRates #Cpi #Rbi #Currency #Gdp #PerCapitaIncome #Inflation #EconomicGrowth
https://www.businesstoday.in/latest/economy/story/what-is-the-impact-on-the-indian-economy-post-fed-rate-cuts-446840-2024-09-20
Business Today /
npub10k…ffpj8
2024-09-20 14:55:14
Author Public Key
npub10krv5xyz57fwv0upm7fgx90w8m2xulqkzzxml2d9d433rwrlmwpsyffpj8Published at
2024-09-20 14:55:14Event JSON
{
"id": "ff7ff95402776c861b6bf549263da70064fe47838958114ad33b13644d05f688",
"pubkey": "7d86ca1882a792e63f81df928315ee3ed46e7c16108dbfa9a56d6311b87fdb83",
"created_at": 1726844114,
"kind": 1,
"tags": [],
"content": "What is the impact on the Indian economy post Fed rate cuts?\n==========\n\nThe US Federal Reserve cut its interest rate by 50bps to 4.75-5% for the first time in four years on September 20, 2024; the Fed is expected to systematically cut rates by about 250bps until 2026; the Indian Rupee appreciated to Rs 83.69 against the US Dollar; Dharmakirti Joshi from CRISIL stated that RBI's monetary policy will depend on domestic inflation and CPI rates; Madan Sabnavis from Bank of Baroda noted that the rate cuts were anticipated and had minor effects on currency and bond yields; long-term growth in the Indian economy is expected with rising per capita income as GDP increases.\n\n#UsFed #IndianEconomy #InterestRates #Cpi #Rbi #Currency #Gdp #PerCapitaIncome #Inflation #EconomicGrowth\n\nhttps://www.businesstoday.in/latest/economy/story/what-is-the-impact-on-the-indian-economy-post-fed-rate-cuts-446840-2024-09-20",
"sig": "37b75f0dc515a1ee7ad75e6d4230002f95cdaf7a389dd67fca7501fe53fe53aad180f5f766a2364ead91b9f842cd39d3b44f46e0b0ceb0213b6c7cf466df4b1e"
}