Fitch On Us Rate Hike

Fitch recently revised up its US growth expectations in recognition of the increased likelihood of fiscal easing, higher private investment and improving global outlook.

India is not immune to potential market jitters on account of interest rate hike by the US Fed, but favourable economic growth outlook makes it attractive for foreign investors, Fitch Ratings today said.

India will continue to post good growth despite subdued prospect for the Asia Pacific region amid an expected rise in US rates, dollar strength and lower commodity prices, Fitch said while retaining its rating on the country.

Global ratings agency Fitch on Friday said that so called "fragile five" emerging economies including India and Brazil are showing "fewer signs of vulnerability" to a rate hike by the Federal Reserve.

Ratings firm Fitch said on Wednesday it is more likely to strip the United States of its triple-A status if a political deal is not reached to halt $600 billion of spending cuts and tax hikes set for early next year.

Fitch recently revised up its US growth expectations in recognition of the increased likelihood of fiscal easing, higher private investment and improving global outlook.

India is not immune to potential market jitters on account of interest rate hike by the US Fed, but favourable economic growth outlook makes it attractive for foreign investors, Fitch Ratings today said.

India will continue to post good growth despite subdued prospect for the Asia Pacific region amid an expected rise in US rates, dollar strength and lower commodity prices, Fitch said while retaining its rating on the country.

Global ratings agency Fitch on Friday said that so called "fragile five" emerging economies including India and Brazil are showing "fewer signs of vulnerability" to a rate hike by the Federal Reserve.

Ratings firm Fitch said on Wednesday it is more likely to strip the United States of its triple-A status if a political deal is not reached to halt $600 billion of spending cuts and tax hikes set for early next year.