. The warning bells have been rung, albeit a bit prematurely, but then it is the prerogative of the Fed as it has to cater to its own requirements for the US with the global consequences being only of secondary importance.
#India#Stock market#RBI#Interest rates#US Fed tapering
Gold languished at a six-month low on Friday and was on the edge of tipping over to a 3-1/2 year trough after the Federal Reserve's move to cut back its bond-buying stimulus prompted a huge sell-off.
Surging currency reserves and the fall in the current account deficit have reassured investors about India's vulnerability to a Fed "taper", analysts said, after fears about it sent the rupee to a record low in late August.
The US Fed has tried every trick in the book and outside it to dig the US economy out of the ditch. Nothing is working. It's latest Twist is unlikely to fare any better. #ToTheContrary#US Fed#treasury bonds#FOMC
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