Tonight's US Fed rate decision will cast a long shadow over India

Federal Reserve Rate Impact on India: Federal Reserve rate hike is set to intensify pressure on India’s rupee, bond yields, inflation and markets. With the US Fed expected to raise rates by 25 basis points, higher US Treasury yields, a stronger dollar and surging crude oil prices could deepen India’s market pressure. The RBI faces rising challenges from currency weakness, imported inflation, liquidity risks and volatility.