Fed rate hike: 'No volatility seen in Indian markets'

Rajalakshmi S Updated - January 15, 2018 at 10:30 AM.

arvind

The Finance Ministry does not see the latest US Federal Reserve move to raise interest rates leading to volatility in the Indian markets.

"Don't see this leading to volatility in (our) markets," Arvind Subramanian, Chief Economic Advisor to the Finance Ministry, told reporters outside North Block.

He was responding to queries on the impact of US Federal Reserve move on Wednesday to raise interest rates, the second time in three months, by 25 basis points.

Srivats.kr@thehindu.co.in

Published on March 16, 2017 05:28