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Month: September 2022

US consumer spending rebounds in August; inflation picks up

US consumer spending rebounds in August; inflation picks up

September 30, 2022 0

US consumer spending rebounded in August, but aggressive interest rate hikes from the Federal Reserve as it battles stubbornly high inflation are slowing demand, which […]

India forex reserves notches steepest drop in six months

India forex reserves notches steepest drop in six months

September 30, 2022 0

India’s foreign exchange reserves fell to $537.52 billion in the week through September 23, notching their steepest weekly fall in six months, the Reserve Bank […]

Sensex, Nifty rebound after 7-day fall; surge after RBI rate hike

Sensex, Nifty rebound after 7-day fall; surge after RBI rate hike

September 30, 2022 0

Equity indices snapped 7-day losing streak as markets cheered Reserve Bank of India’s (RBI) rate hike decision. The 30-share BSE benchmark jumped 1,016.96 points or […]

Rupee ends volatile week on strong note after RBI raises rates

Rupee ends volatile week on strong note after RBI raises rates

September 30, 2022 0

The partially convertible rupee ended up 0.64% to 81.34 per dollar, having sprinted to a high of 81.16 during the session. Business News: Latest News […]

RBI hikes repo rate by 50 bps to 5.9%; pegs GDP growth at 7% for FY23

RBI hikes repo rate by 50 bps to 5.9%; pegs GDP growth at 7% for FY23

September 30, 2022 0

The Reserve Bank of India (RBI) on Friday raised benchmark lending rates for the 4th straight time in a row, in a bid to tame […]

Apple’s ugly day wipes out $120 billion, spills over big tech

Apple’s ugly day wipes out $120 billion, spills over big tech

September 30, 2022 0

The iPhone maker dropped 4.9% after Bank of America cut its rating to neutral from buy, warning of weaker consumer demand for its popular devices. […]

India falls short of FTSE Russell government bond index inclusion

India falls short of FTSE Russell government bond index inclusion

September 30, 2022 0

India will also remain on the watch list for a potential upgrade to Market Accessibility Level 1, the index provider said on Thursday, which indicates […]

Centre raises rates on some small saving plans

Centre raises rates on some small saving plans

September 30, 2022 0

​Amid rising inflation and higher fixed deposit rates, the finance ministry on Thursday announced an increase of up to 30 basis points in interest rates […]

IOC sets up new unit for treasury operations

IOC sets up new unit for treasury operations

September 29, 2022 0

India’s top refiner Indian Oil Corp has set up a subsidiary to pool the funds of its overseas units in order to meet capital and […]

Govt hikes interest rates on some small savings schemes

Govt hikes interest rates on some small savings schemes

September 29, 2022 0

The government on Thursday raised rates on some small savings schemes by up to 30 basis points (bps) in line with the hardening interest rate […]

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