Inside India also has more on whether Gautam Adani, founder of the Adani Group conglomerate, could become a trillionaire.
This report is from this week's CNBC's "Inside India " newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribeHistorically, a rate cut has been a signal for central banks in emerging markets, like India , to follow by easing monetary policy in their regions.
A rate cut by the Fed is also widely expected to provide more immediate relief to the Indian rupee, which fell to an all-time low against the greenback last week. Cutting ahead of the Federal Reserve or alongside it, would have risked pushing the rupee lower, further adding to inflationary pressures.
"According to our colleagues, global equities typically fare well around rate cuts and are on average higher 12 after the start of the easing cycles unless there is significant recessions/crises," said Surendra Goyal, head of India research at Citi, in a note to clients.
CNX Nifty Index DXY US Dollar Currency Index US Dollar/Indian Rupee FX Spot Rate World Economy Economic Events United States Prices Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CNBC's Inside India newsletter: Could Hindenburg's latest allegations have wider implications for India?Unusually, Hindenburg — a short-seller that makes money when stocks fall — is attacking a market regulator, rather than a specific stock.
Read more »
CNBC's Inside India newsletter: Could Hindenburg's latest allegations have wider implications for India?Unusually, Hindenburg — a short-seller that makes money when stocks fall — is attacking a market regulator, rather than a specific stock.
Read more »
CNBC's Inside India newsletter: Could Hindenburg's latest allegations have wider implications for India?Unusually, Hindenburg — a short-seller that makes money when stocks fall — is attacking a market regulator, rather than a specific stock.
Read more »
CNBC's Inside India newsletter: A tale of tier 2 citiesIndia's economic map is being redrawn.
Read more »
CNBC's Inside India newsletter: The search for a stock market alternativeIndian bonds attract foreign investors as Wall Street forecasts lackluster future growth in stock prices.
Read more »
CNBC's Inside India newsletter: The search for a stock market alternativeIndian bonds attract foreign investors as Wall Street forecasts lackluster future growth in stock prices.
Read more »