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The Times of India
The Times of India
Business
TIMESOFINDIA.COM

How US Federal Reserve's decision to raise rates may impact India

US Federal Reserve United States India the Federal Reserve Interest Rates New Delhi

NEW DELHI: The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, but indicated it was on the verge of pausing further increases in borrowing costs amid recent turmoil in financial markets spurred by the collapse of two US banks.

The move set the US central bank’s benchmark overnight interest rate in the 4.75%-5.00% range.

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