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US Fed Cuts Interest Rate by 75 bps

Posted By On 1/23/2008 09:15:00 PM Under
1. The news of US Fed cutting interest rates by 75 bps rescued the Indian market today. The US Federal rate cut of 75 bps ahead of its January 31 meeting is a significant step to meet recession head on and has improved the sentiments world wide.

2. After the carnage witnessed yesterday, the market saw a significant pullback today and closed with a huge gap up.



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