The Fed defied Trump on rates — the one link every GS3 rupee answer needs
US Federal Reserve raises key interest rate
Why in News? The US Federal Reserve raised its key interest rate to control inflation, a move that could pressure the Indian rupee and influence RBI's monetary policy.
Prelims The Federal Reserve is the central bank of the United States
Mains GS Paper 3 - Indian Economy: a US Federal Reserve rate hike can trigger capital outflows and rupee depreciation, forcing the RBI to recalibrate its ow…
















