- India’s Current Account Deficit narrowed to $10.5 billion or 1.2% of Gross Domestic Product (GDP) in the fourth quarter (Q4) that ended December 2023 from $11.4 billion in the previous reading.
- Morgan Stanley has raised India’s GDP growth projection for FY 24-25 to 6.8% from 6.5% estimated earlier, citing the ongoing growth in industrial and capex activities.
- S&P Global raised India's GDP growth forecast for FY25 to 6.8%, lower than the RBI’s estimation of 7%. Furthermore, S&P expects RBI to cut rates by 75 bps by the end of this fiscal year.
- The Fed Governor Christopher Waller said early Thursday that the central bank is in no rush to cut the benchmark rate and may need to “maintain the current rate target for longer than expected.”
- Fed’s Waller further stated that he needs to see more inflation progress before supporting rate cuts.
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