Thursday, 15 December 2016

Indian economy well cushioned to absorb Fed rate hike impact

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The Indian economy is "well cushioned" to absorb the impact of US Federal Reserve's rate hike, amid fears of capital outflows from India. India is seen as better equipped than its other emerging market peers to weather the impact of higher US interest rates because of its stronger economic growth and record high foreign exchange reserves of more than USD 300 billion. The Fed raised interest rates on Wednesday as central bankers across the globe are adopting to the incoming Trump administration's promises of tax cuts, spending and deregulation.

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