Most economists think the nine-member Monetary Policy Committee will lower the bank’s main interest rate by a quarter of a percentage point to 4.50%, taking it to its lowest level since mid-2023.
Going ahead, Kumar said that MPC meeting in February would take stock of how the inflation-growth balance was shaping up between now and then against the backdrop of global trends.
Sundaram Corporate Bond Fund is a moderate duration debt fund that invests only in AAA rated papers. With an average maturity of six years, it’s set to capitalise when rates start to fall.
Banking stocks pain is set to continue in the near-term due to trailing margins, sluggish deposit growth, and widening CDR ratio
Mehra feels there are no significant risks to India from the global risks like the Yen carry trade, a possible US recession. Yet, the abundance of domestic liquidity can be no cover for faltering fundamentals
Bianco Research continues to be in the "no-landing" camp, believing that the US Fed will not have to cut rates and rescue the economy from a recession
Powell's tone was optimistic, contributing to a rally in the stock market. The S&P 500 saw its largest gain since February, while Treasury yields fell and the dollar weakened against other major currencies.
Federal Reserve Chairman Jerome Powell hints at a potential rate cut in September, sparking expectation of positive impact on Indian equity markets and emerging market investments.
Small-cap stocks surge in expectation they will benefit disproportionately from a Fed interest rate cut