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Domestic markets benefit from 50 basis point reduction in interest rates by US Fed: ICRA Analytics

By Economic Times - 2 months ago
The Indian equity and debt markets rose in September due to the U.S. Fed's rate cut and China's potential rate cut on mortgages. Falling crude oil prices and increased demand for government bonds also contributed to the gains. However, the Indian government's adherence to its borrowing plan limited the upside in bond yields.

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