May 04, 2017 08:01 PM IST | READ FULL STORY AT MONEYCONTROL
Gradually does it: Why Fedspeak & US macro data are cause for Indian mkts to cheer
On expected lines, the US Fed voted on Wednesday not to raise its key interest rate. Fed officials brushed aside concerns about recent weakness in the economy and refused to sound all-out dovish. However, the Dollar Index weakened this morning, suggesting that markets sense dovishness is in the summer air.
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