The Federal Reserve left interest rates near zero, saying it would keep them there until at least 2023 to help the US economy recover from the coronavirus pandemic. The Federal Open Market Committee “hopes to maintain an accommodative monetary policy stance” until it achieves an average inflation of 2% over …
Read More »Why did the markets drop around 3% today despite the liquidity boost for NBFC, MSMEs?
[ad_1] The equity market was under strong selling pressure on Thursday even after Union Finance Minister Nirmala Sitharaman announced on Wednesday a stimulus package of nearly Rs 5.94 trillion to support micro, small and medium-sized enterprises (MSMEs), non-bank financial companies (NBFC) and energy distribution companies. The S&P BSE Sensex fell …
Read More »Sensex drops more than 600 points, Nifty at 9,218; rupee falls to 75.58 rupees in opening trade
[ad_1] Stock market today LIVE updates: Sensex falls more than 600 points, Nifty at 9,218; rupee falls to 75.58 rupees in opening trade Asian stocks plummeted on Thursday after the head of the Federal Reserve warned of a US recession “significantly worse” than any recession since World War II due …
Read More »