The options for RBI after Fed hike2 min read . Updated: 28 Jul 2022, 11:15 PM IST
- The US Federal Reserve on Wednesday raised its benchmark interest rate by another 75 basis points to cool scorching inflation. This was its second 75 bps hike in a row, and the fourth increase this year. Mint looks at what this rate hike means and its impact on Indian economy.
What is the rationale for the US Fed action?
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