Asian markets are rising with Wall Street. Investors anticipate interest rate cuts from the US Federal Reserve. This optimism is boosting global stocks. Money markets now expect multiple rate reductions. Recent US economic data shows mixed signals but supports the Fed’s potential easing. Bitcoin also saw a significant jump.
FPIs’ outflow nears Rs 33,000 crore in May on weaker rupee
However, the trend reversed in March, when foreign investors pulled out a record Rs 1.17 lakh crore. The selling continued in April with net outflows