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Source: Live Mint Foreign investors upped the ante in Indian markets on the second day after the US Federal Reserve’s larger-than-expected interest rate cut, catapulting the benchmark Nifty 50 and Sensex indices to fresh highs. To be sure, part of the ₹14,000 crore provisional buying by foreign institutional investors on Friday was due to index…
Source: Business Standard Illustration: Ajay Mohanty 4 min read Last Updated : Sep 19 2024 | 10:38 PM IST Investment strategy after US Fed’s rate cut: The US Federal Reserve’s jumbo rate cut of 50 basis points — a first since early 2020 — triggered volatility across various asset classes. The US equities, for…
Source: Live Mint In a bold move, the US Federal Reserve kick-started its monetary policy easing cycle with a 50 basis point (bps) interest rate cut, bringing the Fed funds target range to 4.75-5%. The market was widely anticipating a 25 bps rate cut (one basis point is 0.01%). While delivering this surprise, Fed chair…
Source: Business Standard The widened US-India rate spread offers companies a larger margin of safety when converting rupee borrowings into dollar loans via currency swaps Credit: Bloomberg 3 min read Last Updated : Sep 19 2024 | 2:49 PM IST Indian firms are opting for cross-currency swaps to convert part of their rupee debt…
Source: Business Standard 4 min read Last Updated : Sep 19 2024 | 2:19 PM IST Broader market indices– Nifty MidCap 100 and Smallcap 100— plunged over 1 per cent and nearly 2 per cent respectively in the afternoon deals. The fall comes after the US Federal Reserve cut 50 basis points (bps) interest rate…
Source: Business Standard Seth also said that we need to watch out how other economies and markets will respond to the decision. (Photo: Shutterstock) 2 min read Last Updated : Sep 19 2024 | 4:04 PM IST Chief Economic Advisor V Anantha Nageswaran said on Thursday that the impact of the US Federal Reserve’s decision…
Source: Live Mint The Indian market’s response to the US Federal Reserve’s significant rate cut on Wednesday was relatively subdued compared to its global and Asian counterparts. Instead of celebrating the move, Indian investors opted to book profits during Thursday’s trade, resulting in only modest gains for the front-line indices. The trading day started on…
Source: Live Mint Ending the weeks of intense speculation, the US Federal Reserve’s Federal Open Market Committee (FOMC) has taken a decisive step in initiating a new monetary easing cycle, announcing a 50 basis points (bps) cut to the federal funds rate. The move comes after months of market speculation and a 14-month policy pause….
Source: Business Standard Jerome Powell (Photo: Bloomberg) 3 min read Last Updated : Sep 19 2024 | 8:11 AM IST US Fed rate cuts: The US Federal Reserve, on Wednesday, September 18, 2024, announced its decision to cut the interest rate by half a percentage or 50 basis points to fight off a slowdown in…
Source: Live Mint The US Federal Reserve reduced its benchmark interest rate by 50 basis points, marking the first decrease since 2020, as the central bank started to unwind the restrictive policies it had put in place to address inflation. The Federal Reserve’s benchmark policy rate has remained in the 5.25%-5.50% range for 14 months….
