The record
Written from the 1 report below. Nothing here is unsourced.
- The US Federal Reserve has raised interest rates by 25 basis points after nearly three years, taking rates to 3.75-4 percent.
- The dollar index strengthened to a one-month high following the rate hike.
- The Indian rupee weakened past 95 against the dollar under the pressure of a stronger dollar.
- Experts expect the Indian stock market to see swings of 2 to 3 percent.
- The rupee's weakness raises the risk of costlier imports, which can affect everyday household expenses.
What to watch next
- Any further rate action expected from the RBI after the Fed's move
- Extent of rupee depreciation beyond the 95-per-dollar level
- Volatility of 2 to 3 percent anticipated in Indian stock markets
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Named United States · India · Federal Reserve
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