A rate hike was expected by investors globally, speculating on the two-days US Fed's meet on interest policy, which commenced on Tuesday.
The US Federal Reserve announced a hike in key interest rates by 25 basis points, owing to strong US jobs growth and the rising inflation. This is the second hike in the interest rates simultaneously in a year duration and the third time since the sub-prime crisis of 2008.
Investors are keen to see what the next Fed move will be regarding the monetary policing and other economy-related core issues, as the US Fed is tightening its grip on the inflation and want to move with its expected target. The Fed had already projected last year, three hikes in the year 2017.
The Asian Equity markets, specially the Indian stock market will be on watch of the investor after the US Fed interest move, as the FII's would be attracted to the US market's by the move of interest rates hike by US Fed.
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