The recent 50 basis points rate cut by the U.S. Federal Reserve has left markets grappling with mixed signals. As the world's most influential central banker, Jerome Powell, attempts to justify this outsized cut in the midst of a seemingly

Indian shares are set to open higher on Friday, as an outsized interest rate reduction by the U.S. Federal Reserve and the anticipation of a soft landing for the world's largest economy boosted risk appetite across global markets.

It is difficult to predict if the latest action by the US Federal Reserve will be a fillip for the global economy, as geopolitical conflicts continue amid a slowing global economy, Nageswaran said.

The US Fed rate cut of 50 basis points is unlikely to have any significant impact on foreign inflows into India, Economic Affairs Secretary Ajay Seth said on Thursday. He said the US Federal Reserve has done what it assesses is good for the largest economy in the world,

The U.S. Federal Reserve's decision to cut interest rates will not significantly impact inflows into India, the South Asian nation's Economic Affairs Secretary Ajay Seth said on Thursday. "It's a 50 bps cut from high level so I don't see that making any significant impact on the flows (into India).

On Wednesday, the Federal Reserve cut its benchmark interest rate. It lowered its key rate to roughly 4.8 per cent.

The impact of the US Federal Reserve's move to cut the benchmark interest rate will be muted for India as it was mostly priced in, Chief Economic Advisor V Anantha Nageswaran said on Thursday

The Indian rupee's recovery on Thursday will have to contend with a broadly higher U.S. dollar despite the Federal Reserve delivering a 50-basis-point rate cut.