How US Fed's move to not raise interest rates benefits India2 min read . Updated: 25 Mar 2019, 02:58 AM IST
- US Federal Reserve maintained status quo on interest rates in its 19-20 March meeting and is unlikely to go for a rate hike in 2019
- This has brought back FII money into India, which as a result has sent Sensex, Nifty and Rupee soaring in March
The Federal Open Market Committee (FOMC) of the US Federal Reserve, in its meeting on 19-20 March, decided not to raise interest rates. The FOMC believes the growth of economic activity and household spending in the US has slowed. Mint dwells on what it means for India.
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