The US Federal Reserve recently cut interest rates for the first time in four years, a move that impacts the global economy, including India. When the US cuts rates, borrowing becomes cheaper, and this can lead to more investments in countries like India, boosting stock markets. However, it also weakens the US dollar, making it cheaper for Indian companies to repay dollar loans but potentially reducing earnings for those in sectors like IT that rely on dollar revenues. This delicate balancing act by the Fed could influence everything from inflation to employment rates worldwide.