How higher US interest rates hurt the Indian economy
Higher US interest rates has resulted in surging FII outflows from India, pushing up the demand for dollars and rupee losing value against the greenback
The Federal Open Market Committee (FOMC), the monetary policy committee of the US Federal Reserve, in its latest meeting that ended on 8 November, decided to keep interest rates unchanged. The federal funds rate will continue to be in the range of 2-2.25%.
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