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US Fed Reserve hikes rate by 0.75% for fourth time

November 3, 2022

Washington, Nov 3 (IANS) In its sixth hike of the year, the US Federal Reserve on Wednesday announced it is boosting its benchmark interest rate by another 0.75 per cent – the fourth consecutive 0.75 per cent increase.

The announcement comes days before the crucial mid-term elections on November 8.

–IANS
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US Fed Reserve hikes interest rates by 75 basis points, Indian markets and rupee to be hit (Ld)

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