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Bitcoin declined on Thursday after the US Federal Reserve decided to maintain interest rates unchanged and its indication that rate cuts might be delayed.
WASHINGTON: The US Federal Reserve held interest rates steady on Wednesday and signalled it is still leaning towards eventual reductions in borrowing .
Alberta-based Capital Power cites financial feasibility in decision to abandon proposal
Indian markets surged post U.S. Fed's rate hold. Oil price drop, robust auto sales, and Nifty50 rise lifted sentiment. BSE Sensex gained 171 points, led by HDFC Bank and Reliance, while Kotak Mahindra and Bharti Airtel dragged.
Global stock markets heaved a sigh of relief last night when the world's most powerful central banker Jerome Powell assured investors that it is unlikely for the US Federal Reserve to go for a rate hike. After the Dow Jones ended higher overnight, the Sensex was also up around 200 points this morning.