Speaking on the issue, Economic Affairs Secretary Ajay Seth told reporters that the Fed rate cut would not have a significant impact on foreign inflows into India.
"It is a positive for the global economy, including the Indian economy. It is a 50 basis point cut from a high level. I don't see that making any significant impact on inflows. We have to see from where the US interest rates levels are. We have to see how other economies' markets behave," Seth said.
Bu hikaye Business Standard dergisinin September 20, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin September 20, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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