Foreign investors offloaded nearly Rs 21,000 crore in Indian equities in the first half of August, bringing the year’s total outflow to Rs 1.16 lakh crore. Trade tensions, weak earnings, and a weakening rupee contributed to this trend. However, a potential credit rating upgrade and easing US-Russia tensions could improve FPI sentiment.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend