US Fed hike on expected lines; RBI to take a balanced view: Analysts

The US Federal Reserve’s 0.25% interest rate increase was expected and paved the way for India’s reserve bank to take a measured approach to policy-making, according to analysts. Edelweiss mutual fund’s Managing Director and Chief Executive Radhika Gupta said the Fed statement permitted the potential for more rate hikes, but the Indian economy currently didn’t need further increases.

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