This would take the policy rate to 4.25% compared to a prior forecast of 4.5%.
The brokerage now expects a 125 bps of total rate cuts in 2024 compared to its earlier forecast of 100 bps.
(Reporting by Reshma Rockie George in Bengaluru)
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
67.61 USD | +0.51% | +0.94% | +31.43% |
Jul. 17 | US banks see high deposit costs, investment banking boost | RE |
Jul. 17 | Citi to boost investment banking headcount in India betting on deals surge | RE |
(Reuters) - Citigroup on Wednesday forecast the U.S. Federal Reserve to deliver a 25 basis-point rate cut in June compared to a prior estimate of July.
This would take the policy rate to 4.25% compared to a prior forecast of 4.5%.
The brokerage now expects a 125 bps of total rate cuts in 2024 compared to its earlier forecast of 100 bps.
(Reporting by Reshma Rockie George in Bengaluru)
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
67.61 USD | +0.51% | +0.94% | 129B | ||
1.3 USD | -0.04% | +0.59% | - | ||
1.093 USD | -0.05% | +0.52% | - | ||
0.7312 USD | +0.03% | -0.37% | - | ||
0.6741 USD | +0.15% | -0.47% | - | ||
0.6072 USD | -0.12% | -0.36% | - | ||
0.012 USD | -0.09% | 0.00% | - | ||
1st Jan change | Capi. | |
---|---|---|
+31.43% | 129B | |
+14.70% | 173B | |
+30.18% | 171B | |
-7.27% | 117B | |
-7.46% | 35.47B | |
+1.67% | 23.5B | |
+52.99% | 18.8B | |
-0.67% | 16.89B | |
-21.16% | 17.83B | |
+4.91% | 15.61B |