Fed likely to lift rates on July 26; how can it impact the market, rupee?
The US Federal Reserve is expected to raise interest rates by 25 basis points on July 26, with another increase possible by the end of the year. The impact on the Indian market and the rupee will depend on factors such as the timing and magnitude of the hikes, as well as market expectations.
The US Fed, like many of its global counterparts, has been working hard to bring inflation sustainably down since last year. But it doesn't seem like the Fed's fight against inflation will stop anytime soon. The US Federal Reserve, most probably, will increase interest rates by 25 basis points on July 26, and they may do another increase before the end of this year.
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