Diabytes
Federal Open Market Committee News
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The dollar index, which tracks the US currency against a basket of six major rivals, was up at 95.79.
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Heightened chances of a US rate hike, along with a slower pace of reforms and soon to be released domestic macro-economic inflation data, are expected to keep the Indian rupee under pressure during the upcoming week.
Last month`s Federal Reserve decision not to increase US interest rates was a "close call" for several senior policymakers, according to meeting minutes released Wednesday.
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Most bets are that the Fed will increase the benchmark federal funds rate for the first time in nearly a decade, signaling confidence in US economic growth even as the rest of the world sags.
The Federal Reserve kept its benchmark federal funds interest rate unchanged at near zero percent as expected Wednesday, providing no fresh hints on when a long-awaited rate rise might come.
The Federal Reserve left open its timeframe for a rise in interest rates Wednesday, following a winter slowdown that stalled US economic growth.
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