Traders work on the floor of the New York Stock Exchange in New York, on Wednesday, March 22, 2023. News on the Federal Reserve interest rate hike appears on a monitor in the background. | Photo Credit: AP The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated […]
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The Fed’s move raised its key short-term rate to a range of 3.75% to 4%, its highest level in 15 years. It was the central bank’s sixth rate hike this year The Fed’s move raised its key short-term rate to a range of 3.75% to 4%, its highest level in 15 years. It was the […]
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Equity market indices in India lost 2% on Thursday following the U.S. Federal Reserve increasing key rates by 75 basis points to deal with high inflation. The S&P BSE Sensex lost 1,045.6, or 1.99%, to a 52-week low of 51,495.79. Stocks that declined the most include Tata Steel (6.04%), Tech Mahindra (4.37%), Bharti Airtel (4.11%), […]
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On Wednesday, the rupee had plunged 18 paise to close at a new all-time low of 78.22 On Wednesday, the rupee had plunged 18 paise to close at a new all-time low of 78.22 The rupee on Thursday recovered from its record low to close 12 paise higher at 78.10 (provisional) against the American currency, […]
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