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SBI - Approves Allotment Of Shares Worth Rs 5,681 Cr To GOI RUPEE AT CLOSE - Rupee Falls For Sixth Consecutive Week

Fed Monthly Bond Purchases Cut To $55 Bn

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March 20: The U.S. Federal Reserve's first announcement, with new Chief Janet Yellen at the helm, had no surprise on the taper program. But, in a significant shift she announced the decision to alter the Fed's interest rate guidance strategy. Harsha Subramaniam discusses the larger implications of the move with Patrick .J. Bennett, Strategist, Canadian Imperial Bank of Commerce.