The spike in inflation, highest since the 1980s, with "ongoing increases" in borrowing costs against a backdrop ahead of a decelerating economy.
Fed Chairman Jerome Powell shifted his tone to emphasise the ongoing pandemic's risks to inflation, via ongoing supply-chain issues, as opposed to growth, the report said.
Mumbai: The Indian rupee plunged to a record low of 70.52 during the noon-trade session on Wednesday. It had retreated sharply on Monday to hit a closing low of 70.16 against the US dollar, plunging by 25 paise despite a huge rally in equities amid easing worries over near-term monetary policy tightening by the US […]
Rising for the second day, the rupee appreciated by 10 paise to end at 62.41 against the dollar on Wednesday on sustained selling of the American currency by exporters ahead of a decision of US Federal Reserve on tapering its monetary stimulus
Copyright © 2024 - Odisha Television Limited All Rights Reserved.