Domestic markets received foreign inflows of ₹3.23 trillion in the financial year FY24, as against an outflow of ₹45,365 crore in FY23. The domestic economic conditions remained favourable with the headline inflation largely remaining within the RBI's comfort zone of 2-6 per cent. (Between April 2023 and February 2024 CPI inflation was above 6 per cent only Data upto March 27, 2024 on two occasions).
Due to this, the monetary policy committee did not hike the repo rate further, which remained unchanged at 6.50 per cent in FY24. The rupee was the third most stable Asian currency against the US Dollar in the financial year 2023-2024 after Hong Kong Dollar and Singapore Dollar primarily due to the timely intervention by the RBI. The benchmark government bond yield fell by 26 basis points over the year due to a surge in early-stage capital inflows within the debt segment from Foreign Portfolio Investors (FPIs) ahead of inclusion of Indian bonds in the JP Morgan index starting June 2024.
この記事は Business Standard の March 30, 2024 版に掲載されています。
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この記事は Business Standard の March 30, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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