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US Fed keeps policy rate unchanged

Jan 30, 2020 13:20 IST

The US Federal Reserve has kept the federal funds rate unchanged at 1.5% to 1.75%. The Committee feels that the current stance of monetary policy is appropriate to support sustained expansion of economic activity, strong labour market conditions, and inflation returning to the Committee's symmetric 2% objective.

As a result, most Asian currencies fell. The rupee fell 19 paise to 71.47 against the US dollar in opening trade on Thursday.

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