Wed, Feb 7, 2024 4:47 PM
RBI monetary policy in February 2024 likely to be staid!
A Flip by Avya Verma
Federal Reserve officials decided to slow the pace of rate-cutting in December due to elevated inflation risks, citing higher inflation readings and continued strength in spending. The Fed cut its benchmark lending rate by a quarter-point to a range of 4.25%-4.5%. Officials expect the US jobs market to remain solid, but are cautious due to upside risks to inflation.
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India's monthly demat account additions in December grew at the slowest pace in 10 months as the recent declines in the stock market and regulatory restrictions on equity derivatives discouraged investors and traders from opening new accounts. The total number of demat accounts rose by 1.65% to 185 mn in December from 182 mn in November - the slowest growth in percentage terms since February 2024.
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FTV Capital, a firm focused on growth-equity bets, has amassed more than $4 billion for two new funds, as it aims to capitalize on a dearth of initial public offerings that has led fast-growing companies to seek capital elsewhere. The firm closed on $3.4 billion for FTV VIII, marking its largest fund to date and eclipsing the $2.3 billion it collected in 2022, executives said.
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