US's Federal Reserve Raises Key Interest Rate By 0.75%, Biggest Hike In 30 Years

WORLD Team Latestly|

On June 15, the Federal Reserve raised the benchmark borrowing rate by 0.75%. This is the biggest hike in nearly 30 years. As reported by AFP, Fed's policy-setting Federal Open Market Committee (FOMC) reaffirmed that it remains strongly committed to returning inflation to its 2% objective & expects to continue to raise the key rate. This massive move was the first 75-basis-point increase since November 1994, reported AFP. Watch the video to know more.

  • INR
  • USD
  • EUR
View all
City Petrol Diesel
New Delhi 96.72 89.62
Kolkata 106.03 92.76
Mumbai 106.31 94.27
Chennai 102.74 94.33
View all
Currency Price Change
Close
gamingly