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What does the US Federal Reserve's inaction mean for us

Sep 18, 2015    

The Federal Reserve has finally decided not to increase interest rates on Thursday the 17th which will go down as a significant day in the monetary history of the world.There were enough signals to justify a rate increase. The developments in the global economy were given as the main reason for not touching rates. The markets were wobbly as there was uncertainty on such action.In fact, ever since China devalued the Yuan there was apprehension in the market on the Fed action as the limited pie of global exports was going to get distorted. How does this affect India?Theoretically, we can be affe...

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