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8 months ago
India expects currency market to remain stable post Fed rate hike - official
December 15, 2016 / 11:35 AM / 8 months ago

India expects currency market to remain stable post Fed rate hike - official

A private money trader counts Indian Rupee currency notes at a shop in Mumbai August 1, 2013.Vivek Prakash/Files

NEW DELHI (Reuters) - The Indian currency market is expected to remain "fairly stable" following the U.S. Federal Reserve's decision to increase interest rate, Economic Affairs Secretary Shaktikanta Das told reporters on Thursday.

The Fed raised interest rates on Wednesday as central bankers across the globe are adapting to the incoming Trump administration's promises of tax cuts, spending and deregulation.

Reporting by Manoj Kumar; Editing by Malini Menon

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