The US monetary policy committee, seeking to achieve maximum employment and inflation at the rate of 2 per cent over the longer run, hiked the key interest rate by 25 basis points to 4.75-5.0 per cent at its latest two-day review meet.
Indian stocks fell Thursday during the morning trade in line with weakness in the US markets, which declined sharply overnight as the US Federal Reserve went ahead with its further monetary policy tightening to bring down inflation to its target-- even as volatility in the banking system
Assam Legislative Assembly on Tuesday adopted a resolution to condemn the "malicious documentary" recently aired by the BBC to "malign India's growing international standing and foment domestic instability", Chief Minister Himanta Biswa Sarma said on Tuesday.
Benchmark stock indices in India settled in the green on Friday, tracking positive cues from overseas markets which improved after the recent slump -- following the collapse of Silicon Valley Bank and aftereffects on some other banks.
Consumer inflation in the US moderated in February to 6.0 per cent from 6.4 per cent the previous month, but still the numbers are way above the 2 per cent target.
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Terming the storming of the police station in Ajnala by 'Waris Punjab De' chief Amritpal Singh and his supporters earlier this week for the release of his aide as "worrisome", veteran journalist and former MLA Kanwar Sandhu has said the situation can get better in the state if Punjab Police
The key indices in the domestic market -- BSE Sensex went down 927 points and settled at 59,744.98 level while NSE Nifty lost 280 points and closed the session at 17,546.55 level.
The US central bank's policy rate is now in a target range of 4.25-4.50 per cent, the highest level in 15 years, and notably, it was near zero in the early part of 2022.
In December, consumer inflation in the US moderated to 6.5 per cent from 7.1 per cent the previous month but still is way above the 2 per cent target. In October, it was reportedly 7.7 per cent.