Benchmark stock indices extended their losses from the previous session as market sentiments remain subdued over global inflation and subsequent monetary policy actions by various central banks.
Monetary policy tightening by various central banks to contain inflation, the war in Ukraine leading to price rise for crude oil and subsequent realignment in the global energy supply chain, and strengthening of the US dollar index kept the Indian currency under pressure in 2022.
Monetary policy tightening by various central banks to contain inflation, the war in Ukraine leading to price rise for crude oil and subsequent realignment in the global energy supply chain, and strengthening of the US Dollar index kept the Indian currency under pressure.
New Delhi [India], July (ANI): India's inflation is expected to ease gradually in the second half of the current financial year 2022-23, "precluding the chances of a hard landing" monetary policy actions, said the Reserve Bank of India Governor, Shaktikanta Das.
Washington DC [USA], Mar 17 (ANI): While quarantining and social distancing is the right prescription to combat COVID-19's public health impact, the exact opposite is needed when it comes to securing the global economy, the International Monetary Fund (IMF) has said.