# Once 'fragile' India gets thumbs up even as rates set to fall

> Reuters reports that India is expected to become the first Asian country to cut policy rates this year, with foreign investors buying Indian bonds and equities. Inflation is at its lowest in five years, the goods and services tax was introduced on July 1, and foreign debt buying has reached $21 billion this year.

- Date: 2017-07-28 · published 2017-07-28T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/70275-once-fragile-india-gets-thumbs-up-even-as-rates-set-to-fall
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Expected rate cuts and strong capital inflows support the rupee and lower the domestic cost of funds, which can affect Indian demand for feed and livestock products.

## Read by commodity

- USDINR: bearish ▼

## Sources

- zeebiz.com: https://www.zeebiz.com/world/report-once-fragile-india-gets-thumbs-up-even-as-rates-set-to-fall-19860

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.