---
description: Monthly Market Outlook October 2024
title: Merisis Wealth Monthly Outlook - October 2024 📊
image: https://www.merisiswealth.com/hubfs/October%202024.png
---

 14 Oct, 24 [Publications](https://www.merisiswealth.com/blog/tag/publications), [Wealth Management](https://www.merisiswealth.com/blog/tag/wealth-management) [Admin](https://www.merisiswealth.com/blog/author/admin)

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![](https://www.merisiswealth.com/hubfs/October%202024.png)

# Merisis Wealth Monthly Outlook - October 2024 📊

### 📅 October 2024 update:

India's economic indicators showed mixed signals as the RBI maintained the key repo rate at 6.50% for the tenth consecutive time, focusing on inflation control and growth support. Highlights include a slight increase in CPI inflation to 3.65% 📈, a modest rise in IIP growth to 4.8% 📊, and a widened current account deficit of $9.7 billion 💰. The equity market saw strong FII inflows of ₹57,724 crore 💹, while the export sector faced challenges with a YoY decline of 9.33% 📉. Global trends included a significant drop in crude oil prices (-11.46%) 🛢️ and rising gold prices (+5.25%) 🪙 amid a favorable U.S. Fed interest rate cut. 

                                                                             [Download the full outlook here!](https://www.merisiswealth.com/hubfs/Merisis%20Wealth%20Newsletter-October%202024.pdf)

Key Highlights:

1. **CPI Inflation:** Increased slightly to 3.65% 📈.
2. **IIP Growth:** Modest rise to 4.8% 📊.
3. **Current Account Deficit:** Widened to $9.7 billion 💰.
4. **Equity Market:** Strong FII inflows of ₹57,724 crore 💹.
5. **Export Sector:** YoY decline of 9.33% 📉.

Overall, the market demonstrated resilience amid various pressures.

#### Authors

- Naresh Bulchandani, CFA, CAIA

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