Weak March jobs data released on Friday may now push the hike in interest rates by the US Federal Reserve to Sept.
The March payrolls came in at a shocking 126,000 as against expectations of around 250,000. The data was worrisome and quickly pushed the Dow Futures lower.
Analysts now feel that the US Fed would push interest rate hikes to Sept on account of the poor data.
This would be good news for emerging markets like India, which would not see a lot of capital outflows owing to the poor data from the US.
Analysts expect Indian markets to do well, if the US Fed continues to delay an interest rate hike.
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