Fed rate cut will not significantly impact inflows into India, official says

NEW DELHI: The US Federal Reserve’s decision to cut interest rates will not significantly impact inflows into India,...
19 Sep, 2024

NEW DELHI: The US Federal Reserve’s decision to cut interest rates will not significantly impact inflows into India, the South Asian nation’s Economic Affairs Secretary Ajay Seth said on Thursday.

“It’s a 50 bps cut from high level so I don’t see that making any significant impact on the flows (into India). We have to see how things develop going forward,” Seth told reporters.

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