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Market Impact: 0.55
Indian Shares Surge As Fed Rate-hike Bets Ease
Source: Nasdaq
Monetary PolicyInterest Rates & YieldsCurrency & FXEconomic Data
Indian shares rose in early trade as Federal Reserve Governor Christopher Waller’s dovish comments led traders to scale back expectations for a Fed rate increase this month. The shift in rate expectations lifted risk sentiment and supported local equities. The move is likely to have a noticeable near-term impact on markets sensitive to global rates.
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