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🧵 2. US Fed's 50-basis point rate cut not expected to significantly affect foreign inflows into India, says Ajay Seth. Global markets' behavior also key factor.

🧵 3. Reserve Bank of India's Monetary Policy Committee meeting scheduled for October 7-9, to decide on interest rates. Impact of US Fed's rate cut on India expected to be limited.

🧵 4. Chief economic advisor believes impact of US rate cut on India will be muted, as most of it was already factored in. RBI has maintained repo rate at 6.50% since February 2023.

🧵 5. CPI inflation in India edged up to 3.7% in August. RBI focused on bringing down inflation to 4% on a sustainable basis. Interest rate decisions based on Indian economy's needs.