Foreign institutional investors (FIIs) bought shares worth Rs 656.57 crore, while domestic institutional investors (DIIs) sold Rs 369.29 crore worth of stocks on January 16, provisional data from the NSE showed.
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The currency markets are currently in a state of anticipation, with Dollar trading within familiar range as investors await FOMC rate decision. The critical question facing the markets is whether Fed will signal the pace of rate cuts in its updated dot plot. In September, the median projection indicated the federal funds rate would remain at 5.125% by the end of 2024, implying no rate cuts from the current level. While revisions to this projection are expected, the exact pace and extent of potential rate cuts remain uncertain.