The RBI estimated Indian GDP to grow at 6.5% for October-December 2023, while the ICRA predicted 6%.
Indian GDP expanded by 7.6% in the July-September quarter (Q2) of FY 24 and 4.5% in Q3 of FY 23.
The US Gross Domestic Product (GDP) for the fourth quarter grew at a 3.2% annualized rate from a 3.3% in the previous reading, weaker than the estimation of a 3.3% expansion.
The New York Federal Reserve (Fed) President John Williams said that even though there's still some distance to cover in achieving the Fed 2% inflation target, the door is opening to interest rate cuts this year, depending on how the data come in.
Investors have priced in 80 basis points (bps) of rate cuts this year, lower than 175 bps priced in around mid-January.
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