United States Federal Reserve Current Affairs, GK & News

Federal Reserve cuts benchmark interest rate to almost zero

The Central bank of the United States-the Federal Reserve has recently cut its benchmark interest rate to almost zero. The Fed Reserve also announced that it would buy USD700 billion in bonds to ease the economic activities. The bank also said that it shall maintain this target range until the economy is on track to ..


RBI to conduct ‘Operation Twist’

The Reserve Bank of India (RBI) under the open market operations has announced a simultaneous sale and purchase of the government bonds. This will be the first time in the country that the government bonds will be on simultaneous sale and purchase, the entire mechanism will be in line with an operation adopted by the ..