Foreign investors make strong comeback, invest over Rs 22k crore in Dec
This is a significant improvement as it comes after significant outflows in the preceding months.
This is a significant improvement as it comes after significant outflows in the preceding months.
Foreign investors have staged a strong comeback to Indian equities with a net investment of Rs 24,454 crore in the first week of December.
The US Federal Reserve's latest rate cut signals a nuanced approach to managing economic stability amid shifting pressures on inflation, employment, and political changes.
The decision by the US Federal Reserve to cut interest rates marks a pivotal moment for the global economy, signaling a shift in monetary policy after years of tightening.
The latest remarks from the US Federal Reserve Chair, Jerome Powell, mark a significant turning point in America’s monetary policy landscape.
Indices of the domestic equities market extended their gains in the morning trade, tracking strong global cues on Monday. There is a possibility that there would be a rate hike by US Federal Reserve the next month. With the GDP for the fourth quarter anticipated this week, it is expected that GDP for FY23 will surpass 7 per cent.
US central bank's Vice Chair Lael Brainard has said that US Federal Reserve is expected to continue to keep its monetary policy restrictive for some time in order to ensure that high inflation numbers move back to target over time.
Clarida stated at a virtual event held by the Brookings Institution on Monday that if the unemployment rate falls to 3.8 percent from its current level of 4.6 percent by the end of 2022, the US labour market will have reached its estimation of maximum employment.
The jump comes after the central government took initiatives to compete with the ongoing slowdown in the Indian economy.
Earlier, owing to strong job data from the US had faded hope of an aggressive rate cut. Analysts said that a rate cut was positive for the emerging markets like India.
