Current Affairs - Finance - Discussion

Discussion Forum : Finance - Latest Current Affairs (Q.No. 219)

2023-12-01 Finance

219.

What is the estimated amount of investment that could be infused into Indian equity markets due to the US's Federal Retirement Thrift Investment Board's index switch?

$1 billion

$3 billion

$5 billion

$4 billion

Answer: Option

Explanation:

The Federal Retirement Thrift Investment Board's strategic move to transition its index is anticipated to bring nearly $4 billion from the U.S. into Indian equity markets, contributing to a substantial global equity reshuffling totalling $28 billion.