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Fed rate cut will not significantly impact inflows into India, official says

Published September 19, 2024 Updated September 19, 2024 10:49am
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India’s Economic Affairs Secretary Ajay Seth speaks during a news conference at the end of G20 finance ministers’ and Central Bank governors’ meeting on the outskirts of Bengaluru, India. Photo: Reuters
India’s Economic Affairs Secretary Ajay Seth speaks during a news conference at the end of G20 finance ministers’ and Central Bank governors’ meeting on the outskirts of Bengaluru, India. Photo: Reuters
By Reuters
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NEW DELHI: The US Federal Reserve’s decision to cut interest rates will not significantly impact inflows into India, the South Asian nation’s Economic Affairs Secretary Ajay Seth said on Thursday.

“It’s a 50 bps cut from high level so I don’t see that making any significant impact on the flows (into India). We have to see how things develop going forward,” Seth told reporters.

South Asian nation Ajay Seth Fed rate cut

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