India Interest Rate Decision Unchanged At 6.50%
Portfolio Pulse from Benzinga Newsdesk
The Reserve Bank of India (RBI) has decided to keep the interest rate unchanged at 6.50%. This decision is likely to have implications for various sectors and markets, including ETFs that have exposure to Indian equities.
June 07, 2024 | 4:38 am
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NEUTRAL IMPACT
The Reserve Bank of India's decision to keep interest rates unchanged at 6.50% could impact the iShares MSCI India ETF (INDA), which has exposure to Indian equities.
The RBI's decision to maintain the interest rate at 6.50% is a significant regulatory event that could influence the performance of Indian equities. As INDA is an ETF with exposure to Indian stocks, its performance may be affected. However, the impact is likely to be neutral in the short term as the rate decision was widely anticipated.
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