Explained: How Fed’s rate hike will affect India10 min read 25 Sep 2022, 09:50 PM IST
A weaker rupee should help Indian exporters but a recession in the rich world will hurt them more.
Last Wednesday, the US Federal Reserve increased the federal funds rate, its key short term interest rate, by 75 basis points to 3-3.25%. Federal funds rate is the interest rate at which commercial banks in the US lend their excess reserves to each other on an overnight basis. One basis point is one-hundredth of a percentage.
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