The move the Fed announced after its latest policy meeting will increase its benchmark short-term rate, which affects many consumer and business loans, to a range of 1.5% to 1.75%.
Federal Reserve Interest Rate Hike Decision: Federal Reserve chair Jerome Powell will announce the decision of a two-day policy meeting on Wednesday.
The BSE benchmark Sensex, after opening positive at 36,691.93, advanced to a high of 36,711.62 on covering-up of short positions in select stocks.
New Delhi: The Reserve Bank of India (RBI) could cut policy rates by 75-100 basis points starting early 2015 even if the Federal Reserve hikes rates next year, Bank of America-Merrill Lynch has said in
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