320-x-100_uti_gold.jpg" alt="Advertisement">
The rate cutting cycle in both the US and Indian markets is likely to encourage FIIs to start coming back to India Says Dr Vikas Gupta, OmniScience Capital
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below is Statement on CPI Data by Mr Vikas Gupta, CEO and Chief Investment Strategist, OmniScience Capital
Inflation continues its downward trend and has now come below the upper band of 6% of the RBI mandate. This makes RBI's job easier. Right now, RBI would ideally focus on growth rather than inflation. The current inflation with its downward trend will allow RBI to start cutting interest rates in the next few meetings, thus boosting potential growth rates.
With the US CPI data also coming in at 5%, now like the level of the Fed funds rate, the direction of inflation in the US is likely to continue giving comfort to the Fed to start cutting interest rates in the future.
The rate cutting cycle in both the US and Indian markets is likely to encourage FIIs to start coming back to India”.
