India’s real GDP growth for the December quarter is forecast to grow 7% year-on-year, higher than previously anticipated, according to Deutsche Bank.
Indian Rupee is likely to have additional support this week from MSCI-rebalancing inflows, which are estimated to drive passive inflows of $1.2 billion into Indian equities, according to Nuvama Alternative & Quantitative Research.
Foreign investors have net purchased over $2.4 billion of Indian bonds in February so far.
Fed Governor Bowman said inflation will continue to decline with interest rates held at current levels, but it is not yet time to start lowering rates.
Kansas City Fed President Schmid stated that there is no need to preemptively adjust the stance of monetary policy as inflation is running above target, labor markets are tight, and demand is showing considerable momentum.
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