US Fed Rate Hike: Will RBI Come Under Pressure? What It Means For Your FD, Home Loan EMI And Savings

US Federal Reserve’s rate hike to 4% could have global implications, including for India. Why should Indian households care?

The US Federal Reserve has raised its benchmark interest rate by 25 basis points, taking the target range to 3.75%-4%, in its first rate hike since 2023. The decision came as the Fed continues to battle elevated inflation and signals that borrowing costs could remain higher for longer.