- The Indian economy is estimated to grow faster than 7% in this financial year, according to the National Council of Applied Economic Research (NCAER) on Monday.
- Nifty had slipped 2.5% in January 2023 amid the Foreign Institutional Investors (FIIs) sell-off. However, so far this April, the Nifty holds a monthly gain of 0.4%.
- India’s foreign exchange reserves contracted by $2.83 billion to $640.33 billion as of April 19, according to the Reserve Bank of India (RBI).
- India’s HSBC Manufacturing PMI is expected to remain unchanged at 59.1 in April.
- The US Federal Reserve (Fed) is widely anticipated to hold rates steady at a more than two-decade high after their meeting on Wednesday.
- Financial markets expect only one Fed rate cut in 2024, below the roughly six quarter-point cuts they expected at the beginning of the year.
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