September 19, 2024 5:13 PM

Fed rate cut to boost fund flows to India and emerging markets: experts

The U.S. Federal Reserve’s 50-basis-point rate cut on Wednesday is expected to facilitate increased fund flows to emerging markets, including India, according to experts. A weaker dollar and lower interest rates create favorable conditions for such economies. "From inflation is transitory to higher rates for longer, the Fed has come a long way to meet market expectations. This rate cut will facilitate flows to the emerging market assets with a weaker dollar and lower rates," said Nilesh Shah,...