Perspective on US-Fed Announcement by Mr. Nitesh Jain, Chief Rating Officer, CareEdge Global IFSC Ltd
Below the Perspective on US-Fed Announcement by Mr. Nitesh Jain, Chief Rating Officer, CareEdge Global IFSC Ltd
“A 25-basis point cut in US Fed rates marks the beginning of a monetary policy easing cycle, which would benefit Indian corporates-especially those borrowing overseas. Lower global benchmark rates like SOFR reduces all-inclusive borrowing cost for foreign debt of Indian issuers. The Fed rate cut could also reduce currency risk for Indian issuers as dollar outflows from US Debt markets resulting from their lower treasury yields would improve dollar availability, reduce forex risk, and increase investor appetite for Indian debt.”
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