Indian markets react positively to unchanged US Fed policy | Indiablooms

September 07, 2026 08:57 pm (IST)

Make this your homepage

All Finance

‘No one can dictate what Bengalis eat’: BJP’s blunt message amid Bageshwar Baba’s Durga Puja food row | Delhi hostel collapse: Owner detained after seven die in Satya Niketan tragedy | No Muslims, Aadhaar card and tilak mandatory: VHP lays down rules for Garba, Dandiya in Maharashtra | 'No non-veg near Durga Puja pandals': Bageshwar Baba's big Bengal appeal sparks controversy | 'Law will take its action': Vijay's zero tolerance on insulting women weeks after Udhayanidhi's arrest | Delhi Metro's big warning to content creators: Don't try this viral stunt or face action | Hindutva influencer Swatantra Bhardwaj detained after viral assault clip; Chirag Paswan’s party files complaint for ‘falsely’ naming him | Bengaluru horror: Woman stripped, assaulted and filmed over unpaid loan interest; 4 arrested | West Bengal CM's big warning: Teacher suspended over tilak row, govt employee punished for PM Modi post | Tragedy on Kerala Highway: 8 Tamil Nadu students killed after car crashes into parked lorry

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: 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

Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am