Second consecutive 50 basis point rate hike
Interest rates have been raised by 50 basis points, taking the repo rate to 8.25%.
Source: ecr.co.za
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PNB FD interest rates: Punjab National Bank hikes fixed deposits rates across tenures, check details
PNB FD rates: Punjab National Bank has said that new rates of FDs are effective from January 1, 2023.
Source: dnaindia.com
Stock market tumbles as Fed's hawkish stance drove down investors' sentiments
The BSE Sensex is trading down 400 points or 0.6% to 62,254, giving up yesterday's gain, whereas Nifty-50 shed almost 120 points or 0.6% and trading down at 18,542 as of 12:30 pm
Source: ibtimes.co.in
Powell signals Fed may slow pace of rate hikes next week
Federal Reserve Chairman Jerome Powell said that the central bank may slow its aggressive interest rate hiking at next week’s Fed meeting.
Source: washingtonexaminer.com
RBI ups policy rate to 5.40% to contain inflation
Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced the rise of policy rate or repo rate by 50 basis points (bps) to 5.4 per cent.
Source: ibtimes.co.in