RBI’s monetary policy committee meeting begins today; policy to be announced on October 9
The Reserve Bank of India (RBI) is set to begin its three-day monetary policy meeting on Monday and will run from October 7 to October 9.
The Reserve Bank of India (RBI) is set to begin its three-day monetary policy meeting on Monday and will run from October 7 to October 9.
The US Federal Reserve on Wednesday raised interest rate by 25 basis points, which is modest compared to previous hikes aimed at curbing inflation but came amidst uncertainty about the banking system that has taken a hit in the last few weeks triggering fears of a larger problem.
While indicators of US economic activity and employment "have continued to strengthen," the sectors most adversely affected by the pandemic "have not fully recovered", the Fed said
There's sort of a perfect storm of very strong demand and weak supply due to the reopening of the economy and various factors, said US Federal Reserve Chair Jerome Powell
Sensex closed 266.07 points higher at 38,823.11, while the Nifty advanced by 84 point to 11,582.90.
The Sensex rebounded by over 206 points and the NSE Nifty scaled a life-time high of 9,153 (rpt) 9,153 in…
