US consumer spending rebounds in August; inflation picks up
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 […]
Day: September 30, 2022
India forex reserves notches steepest drop in six months
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
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
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
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
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 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
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 […]