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Bombay Stock Exchange (BSE). | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty surged to their fresh record high levels in early trade on Thursday after the U.S. Federal Reserve cut its benchmark interest rate after more than four years. The 30-share BSE Sensex jumped 735.95 points to scale a new all-time high of…
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Image used for representative purpose only. | Photo Credit: Reuters The rupee rose 6 paise to 83.70 against the U.S. dollar in early trade on Thursday, reflecting strong investor sentiment after the U.S. Federal Reserve decided to cut interest rate in line with market expectations. The rupee also got support from lower crude oil prices,…
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Federal Reserve Bank Chair Jerome Powell announces that interest rates will remain unchanged during a news conference in Washington, DC. | Photo Credit: Getty Images via AFP The US Federal Reserve left its key lending rate unchanged on Wednesday and penciled in just one rate cut this year, down from the three expected in March…
Read More “U.S. Fed holds interest rates, now sees just one cut this year” »