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“So, I don’t see any adverse impact of that (rate hike by Fed) because Reserve Bank of India, in the two previous cycles, has already taken adequate measures,” he said.
On Wednesday, the U.S. Federal Open Market Committee, on expected lines, raised the target range for federal funds rate by 75 basis points to 1.50-1.75%. It also said it would hike rates aggressively in the rest of the calendar year.
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