Indian bonds, rupee to gain after Powell greenlights interest rate cuts

Quick Summary:

The Indian rupee and government bond prices are expected to gain this week, after U.S.

Inflows related to the rebalancing of MSCI equity indexes are also expected to support the rupee this week.

A 50-bps cut would look less likely if the unemployment rate drops back this month, which is possible given the role that temporary factors played in driving it higher in July, Capital Economics said.

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Category: BusinessFinance

Markets: IndiaUnited States

Topics: Jerome Powell U.S. Federal Reserve Indian rupee Interest rates Dollar

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-26 @ 08:32:13 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 484 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22252715

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