TDS Viral News: The US is the world’s largest economy. Whenever its central bank, the Federal Reserve (Fed), changes interest rates, its impact isn’t limited to the US, but impacts the entire global economy, including India. What is the US Interest Rate? The interest rate is the rate at which banks lend money. When the US interest rate: Increases → Money flows to the US, Decreases → Money flows to emerging countries (like India) How does this directly impact India?Dollar vs Rupee – When interest rates rise in the US,…
Read MoreUS interest rates rise, what will become cheaper and what will become more expensive in India? Full report
