The first tranche will be implemented in the September index review, the second one in the December review, and the last in March, FTSE said. In its September review, FTSE will evaluate the eligibility status of HDFC Bank, which includes a review of its shares in issue, free float, and foreign headroom
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction