EPIC RESEARCH MCX Silver UPDATE OF 27 September 2018

Silver trading range for the day is 37558-38450.

* Silver steadied after the Federal Reserve announced a much-anticipated third U.S. rate hike for the year.

* The Fed raised interest rates by a quarter percentage point, increasing the overnight U.S. funds rate to a range of 2.00% to 2.25%.

* The central bank said in a statement that its decision was in response to the country’s faster pace of economic growth.

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