As RBI has decided to pause even when the inflation was trending above 6%, we expect the bar for any further rate hikes is much higher now as the inflation for FY24 is expected to moderate and remain within the upper threshold.
Tariff shock turns FIIs to sellers in April. Analysts flag global risk but back India’s fundamentals
Foreign institutional investors reversed course in early April, spurred by rising global trade tensions following US President Trump’s announcement of steep tariffs. This led to