A further decline in US interest rates will likely increase FPI purchases in 2024, particularly in the early months in the run-up to the general elections and the largecaps will be major beneficiaries, said Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
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