For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    RBI Expects US Fed To Raise Rate By Up To 0.25 Per cent

    By Super
    |

    Kolkata, Dec 11 (PTI) The Reserve Bank of India today said it is expecting the US Federal Reserve to raise rates next week by between one and 25 basis points and it is prepared to meet any eventuality arising out of the decision.

    RBI Expects US Fed To Raise Rate By Up To 0.25 Per cent
     

    "The Fed has prepared the ground and we are expecting that it will raise rates anywhere between one and 25 basis points," RBI governor Raghuram Rajan told reporters after the central bank's board meeting here today.

    There is 70-75 per cent possibility that the rates would be increased, Rajan said. RBI deputy governor Urjit Patel said it is almost certain that the Fed will raise interest rates next week.

    "After analysing the language used by Fed, we are expecting that interest rates will be raised by the US central bank," Patel said.

    He added that one could expect some changes in financial flows in the markets. "Whatever decision the Fed takes, we are prepared for any eventuality", Rajan said.

    PTI

    Read more about: rbi interest rate federal reserve
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more