Friday, 17 March 2017

US rate hike not to affect Indian markets: Ficci

Industry bodies have said that the interest rate hike by the US Fed is not likely to create much volatility in Indian markets and will have only a minimal impact on the RBI's monetary policy stance. Ficci said the monetary policy stance of the RBI is likely to be determined by a host of factors, the Fed rate hike being one of them. The Ficci further said that since Fed rate hike is not expected to create much volatility in the Indian markets, this should have minimal influence on RBI's policy stance. 

It hoped that RBI will adopt an accommodative stance in its forthcoming monetary policy, scheduled to be announced on April 6. It also said that the Fed rate hike is not likely to have any significant impact on the Indian economy. "While there could be some capital outflows, India is expected to be least impacted amongst the emerging markets," it added.

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