THE FED HAS FINALLY STARTED THE RATE CUTTING CYCLE
- Credit Rating Agency in India
- Economy Overview
- THE FED HAS FINALLY STARTED THE RATE CUTTING CYCLE
The 10-year Indian government bond yield declined to 6.76% from the previous 6.78%. It is expected to soften further. Regarding the foreign inflows, the perception is mixed, as the equity market seems to be overvalued, whereas the debt market is likely to attract more inflows due to stable rupee. The economic conditions of the US economy could have a bigger impact on other markets, especially the emerging markets (EMs).