US Fed cautious, India markets remain attractive: Finance Ministry
New Delhi, Sep 22 (IANS) In the first reaction minutes after the US Federal Reserve said it was keeping its interest rates unchanged, the Indian Finance Ministry said the country’s markets remained attractive.
“US Fed leaves rates unchanged. Decision on expected lines,” Economic Affairs Secretary Shaktikanta Das tweeted.
“Overall approach very cautious. Indian markets will continue to remain attractive.”
After a two-day crucial meeting, the Federal Open Market Committee said in a statement that while the case for an increase in interest rates rate has strengthened, status quo was being maintained to await further evidence of continued progress.