August 25, 2026 06:49 am (IST)
Follow us:
Indian markets react positively to unchanged US Fed policy
In Images: Amit Shah performs 'Bhoomi Pujan' of Amul's curd manufacturing plant in Kolkata
Jul 19, 2026, at 10:57 pm
Indian markets react positively to unchanged US Fed policy
Mumbai, Mar 17 (IBNS) The Indian benchmark indices began Thursday on a positive note after the Federal Reserve -- the US central bank -- on Wednesday decided to keep its interest rate policy unchanged.
The Federal Reserve (the Fed) cut its outlook for the nation's economy and kept its interest rate policy unchanged largely due to impact of the global slowdown and turmoil in world markets, according to reports.
In a statement issued after the meeting, the Fed said that its Open Market Committee has "decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent. The stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and a return to 2 percent inflation."
The Open Market Committee decides the level of interest rates.
The Fed had last raised interest rates in December (the first time in almost a decade) and had said it expects to raise rates four times in 2016. On Wednesday, the central bank said it expects to raise rates just twice this year.
Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; James Bullard; Stanley Fischer; Loretta J. Mester; Jerome H. Powell; Eric Rosengren; and Daniel K. Tarullo. Voting against the action was Esther L. George, who preferred at this meeting to raise the target range for the federal funds rate to 1/2 to 3/4 percent.
Following positive date from other Asian markets, Indian benchmark indices too rallied during the opening hours on Thursdaywith the BSE Sensex going up over 255 points and the NSE Nifty recapturing its 7,500-mark.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Tata Power Renewables marks a major milestone with the commissioning of 190.5 MW FDRE project in Rajasthan. All details inside
Mon, Aug 24 2026
Samsung's big AI push in India: New Pune facility to power next-gen data centre cooling
Mon, Aug 24 2026
Best Indicators For Futures Trading
Mon, Aug 24 2026
China orders massive EV recall: Nearly 3 million Teslas among 4.3 million vehicles affected
Mon, Aug 24 2026
Yes Bank launches ‘YES Essence’ for women. How can you avail it?
Fri, Aug 21 2026
Aditya Birla Capital enters gold loans: What consumers should know
Fri, Aug 21 2026