Tag: US feds

India has fairly large forex reserve to deal with current situation: Economic Affairs Secretary

India has fairly large forex reserve to deal with current situation: Economic Affairs Secretary

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Foreign exchange reserves were down for a seventh continuous week, dropping to $545.65 billion on September 16. Foreign exchange reserves were down for a seventh continuous week, dropping to $545.65 billion on September 16. Economic Affairs Secretary Ajay Seth on Tuesday dismissed the concerns over the depletion of forex reserve as “overblown” and said India […]

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Rupee tanks 90 paise to close at all-time low of 80.86 against U.S. dollar

Rupee tanks 90 paise to close at all-time low of 80.86 against U.S. dollar

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U.S. Fed hiked interest rates by 75 basis points to 3-3.25% U.S. Fed hiked interest rates by 75 basis points to 3-3.25% The rupee plunged 90 paise to close at an all-time low of 80.86 (provisional) against the United States dollar on Thursday after the U.S. Federal Reserve’s interest rate hike and its hawkish stance […]

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Markets fall after 2-day gain; U.S. Fed policy decision eyed

Markets fall after 2-day gain; U.S. Fed policy decision eyed

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Equity indices ended lower on Wednesday amid mixed global market trends ahead of the keenly awaited United States Fed interest rate decision. The 30-share BSE Sensex fell 262.96 points or 0.44% to settle at 59,456.78. During the day, it tanked 444.34 points or 0.74% to 59,275.40. The NSE Nifty went lower by 97.90 points or […]

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Finance Minister to review state of economy at FSDC meeting on September 15

Finance Minister to review state of economy at FSDC meeting on September 15

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FSDC is the apex body of sectoral regulators, headed by the Union Finance Minister FSDC is the apex body of sectoral regulators, headed by the Union Finance Minister Finance Minister Nirmala Sitharaman will review the state of the economy amid global and domestic challenges at a meeting of the Financial Stability and Development Council (FSDC), […]

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Sensex rebounds 1,564 points, Nifty up jumps 446 on strong gains in banking, IT stocks

Sensex rebounds 1,564 points, Nifty up jumps 446 on strong gains in banking, IT stocks

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Benchmark BSE Sensex and Nifty soared over 2.5% to log their best single-day gain in more than three months on Tuesday driven by value buying in banking, IT and oil stocks amid mixed global cues. The 30-share Sensex jumped 1,564.45 points or 2.70% to settle at more than one-week high of 59,537.07. During the day, […]

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The U.S. Fed’s long shadow on central banks around the world

The U.S. Fed’s long shadow on central banks around the world

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Over the weekend the American central bank indicated quicker tightening than expected — this makes emerging market economies, especially low-income ones, vulnerable Over the weekend the American central bank indicated quicker tightening than expected — this makes emerging market economies, especially low-income ones, vulnerable High inflation has become a headache for the U.S. economy. Its […]

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U.S. economy shrinks for 2nd straight quarter, raising fears of a recession

U.S. economy shrinks for 2nd straight quarter, raising fears of a recession

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The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation […]

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Sensex falls 1,045 points following rate increase by Fed

Sensex falls 1,045 points following rate increase by Fed

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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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Fed raises key rate by a half-point in bid to tame inflation

Fed raises key rate by a half-point in bid to tame inflation

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The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by an sizable half-percentage point The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by an sizable half-percentage point The Federal Reserve intensified its […]

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