US Fed cuts interest rates by 50 bps in a first since 2020: Why it matters for India

The US Federal Reserve has lowered interest rates by 50 basis points, marking its first cut in over four years. This action is likely to increase foreign investment in India, influence the Indian Rupee, and benefit sectors like IT and consumer goods. The RBI's response will be key to maintaining financial stability.

Sep 19, 2024 - 01:30

US Fed cuts interest rates by 50 bps in a first since 2020: Why it matters for India

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The US Federal Reserve has lowered interest rates by 50 basis points, marking its first cut in over four years. This action is likely to increase foreign investment in India, influence the Indian Rupee, and benefit sectors like IT and consumer goods. The RBI's response will be key to maintaining financial stability.