Fed rate cut will not significantly impact inflows into India, official says

NEW DELHI (Reuters) - The U.S. Federal Reserve's decision to cut interest rates will not significantly impact inflows into India, the South Asian nation's Economic Affairs Secretary Ajay Seth said on Thursday.

"It's a 50 bps cut from high level so I don't see that making any significant impact on the flows (into India). We have to see how things develop going forward," Seth told reporters.

(Reporting by Nikunj Ohri; Writing by Tanvi Mehta; Editing by Jacqueline Wong)