"Globally, easing oil prices and a recovery in the technology sector have further improved sentiment toward India, supporting a rebound in FII inflows. Importantly, the hawkish tone of the FOMC meeting has not weighed on global markets, as recent data suggests inflationary pressures are likely to moderate. At the same time, slowing economic data from the US, EU, and China indicates that central banks may adopt a less hawkish stance going forward," he said.