US interest rates unchanged
Q. Recently, the US Federal Reserve Chief Janet Yellen undertook the following on 17th September 2015?- Published on 20 Sep 15a. Interest rates in the US were changed
b. Interest rates in the US were kept the same
c. Interest rates in the US were lowered
d. Interest rates in the US were raised
ANSWER: Interest rates in the US were kept the same
US Fed Reserve Chief Janet Yellen decided to keep the interest rates in the US economy unchanged. Indian fund managers and economists see this decision as another enabling factor for RBI to cut rates, which could give some more boost to the Indian economy that is again showing signs of stagnation.For the equity market, the immediate trend decider would be how the global markets react to the US rate decision. With Yellen not hiking the rates, FIIs are expected to be part of the Indian growth story.
