Indian markets react positively to unchanged US Fed policy | Indiablooms

October 17, 2026 07:28 am (IST)

Make this your homepage

All Finance

'How dare Elon Musk?' Owaisi defends Modi after billionaire's 'real boss' jibe at Ambani | 'B****y S***': IAS officer's abuse of female colleague during virtual J&K meeting sparks row | Aamir Khan’s nephew Imran Khan asked to leave India by Oct 28 after joining anti-CEC protest | ‘Their crime? Demanding justice’: Rahul Gandhi slams 4 AM detention of Ankita Bhandari’s parents | ‘Bangladesh showed us the way’: Neha Bora’s remarks spark BJP attack on Rahul Gandhi | Chingrighata flyover skid scare: Bikes fall, anti-skid blocks installed overnight as Bengal Minister Agnimitra Paul faces criticism | Meerut blue drum murder case: Muskaan, her lover get death sentence | 'Rise up, young patriots!': American singer Mary Millben alleges CJP gets US funding, urges peaceful protests | 'Won't go unchallenged': Muhammad Yunus heckling in New York triggers legal action warning | flydubai cockpit attack probe widens: Two Maldivian pilots detained in UAE over links to Omani co-pilot

Indian markets react positively to unchanged US Fed policy

India Blooms News Service | | Mar 17, 2016, at 06:31 pm

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.

India
International

Related Images

In Images: Gautam Adani offers prayers at Kalighat Temple in Kolkata Sep 24, 2026, at 11:48 am

In Images: Amit Shah performs 'Bhoomi Pujan' of Amul's curd manufacturing plant in Kolkata Jul 19, 2026, at 10:57 pm

Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:41 pm