Foreign investors withdrew nearly $1.4 billion from Indian equities on Thursday, preliminary exchange data showed, spurring a 1.5% fall in the BSE Sensex index. These investors took out $11 billion from Indian equities last month.
India's Gross Domestic Product (GDP) growth is estimated to align with the RBI's target of 7.0% for the second quarter of FY25.
India's economy is likely to grow at its slowest pace in one and a half years in the three months to the end of September as weak consumption offsets a strong recovery in government spending, according to a Reuters poll.
The RBI is set to hold interest rates on December 6 due to a sharp rise in consumer inflation, per Reuters.
The markets now see nearly a 66.5% chance that the Fed will cut rates by a quarter point in December, up from 55.7% before the PCE data, according to the CME FedWatch Tool.
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