India Interest Rate Decision Remains Unchanged At 6.50%
Portfolio Pulse from Benzinga Newsdesk
The Reserve Bank of India has decided to keep its interest rate unchanged at 6.50%. This decision may affect the performance of India-focused ETFs, such as INDA.
October 06, 2023 | 4:46 am
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NEUTRAL IMPACT
The decision of the Reserve Bank of India to keep its interest rate unchanged at 6.50% could impact the performance of the INDA ETF.
Interest rates can influence the performance of ETFs. As the interest rate in India remains unchanged, it could lead to stability in the market, potentially affecting the performance of India-focused ETFs like INDA.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80