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Economy and Politics
Fed rate hike: How it may impact Indian economy

In a widely anticipated move, the US Fed hiked interest rates by 25 basis points, taking the overnight funds rate to a target range of 0.75 per cent to 1 per cent.

A recent article published in Chinese mouthpiece China Daily newspaper admitted that China would have to deal with a bolder India.
"The decision by the Union of India was taken in the interest to safeguard the sovereignty, integrity and national security of India," Justice Sanjeev Sachdeva said.
Manohar Parrikar got the support of 22 MLAs, two more than the halfway mark of 20 in the 40-member Assembly.
Indian markets are well placed to absorb the 0.25 per cent interest rate increase by the US Fed last night, the finance ministry said today.