Can Nifty sustain the rally in April and set a positive tone for FY24?
Q4 earnings, the interest rate hike trajectory and foreign institutional investors hold the key to the Nifty’s returns in the first month of FY24
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Q4 earnings, the interest rate hike trajectory and foreign institutional investors hold the key to the Nifty’s returns in the first month of FY24
The Reserve Bank of India, like most emerging market central banks, will closely follow what its American counterpart has been doing, but “need not follow every step of what Fed does,” said Rao in an interview with Bloomberg.
The lower-than-expected growth was led by an upward adjustment in the base year GDP, Pranjul Bhandari, chief India economist at HSBC said, adding that the level of output compared to pre-pandemic quarters continued to improve.
RBI will conduct a 14-day variable rate repo auction later on Friday-its first since February 2020-to infuse 500 billion rupees ($6.06 billion) into the banking system.
The economy is forecasted to grow 6-6.8% next fiscal year, down from 7% projected for the current year.