US Fed Raises Interest Rates
Thursday, December 15, 2016, 11:08 AM
The US Federal Reserve has raised interest rates by 25 basis points. The US Federal Reserve last raised interest rates in December 2015. Unemployment has gone down in the US. This has prompted the rate hike. The rate hike has strengthened the dollar against the rupee. Share prices of IT stocks in India, have gone up, after the rate hike.