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US Fed chair Jerome Powell (File photo by AP) The US Federal Reserve’s Federal Open Market Committee (FOMC), led by Fed Chair Jerome Powell on Wednesday cut the key rate by 25 basis points. The rate now stands between 3.5 percent and 3.75 percent, the lowest level in nearly three years. "In support of its goals and in light of the shift in the balance of risks, the Committee decided to lower the...

CUDDALORE: Farmers at Erumanur village near Vridhachalam in Cuddalore district destroyed paddy crops raised in about 30 acres as the crops withered within 40 days of sowing without adequate water for irrigation.Farmers in Erumanur and neighbouring villages raise samba crops every season solely depending on rain to meet the irrigation needs. This season they had cultivated paddy on about 30 acres....