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The US Federal Reserve announced another interest rate hike to fight inflation amidst growing concerns that the central bank could end up slowing down the economy.

US Fed delivers another big interest rate hike

With economic projections indicating slower overall growth and higher inflation, the US Federal Reserve did not alter the interest rates and kept them near zero. There was also an indication of reduced bond-buying soon.

US Federal Reserve steadies interest rates, announces reduction of bond buying ‘soon’

Here are the five reasons why India is vulnerable to external shocks despite the record reserves and needs to expand its record foreign exchange reserves of $608 billion.

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US Fed delivers another big interest rate hike

US Federal Reserve steadies interest rates, announces reduction of bond buying ‘soon’

Explained: Why India needs to Expand Record Foreign Exchange Reserves?