
The rupee has hit an all-time low. On Thursday, it opened at Rs 80.28 against the US dollar. Earlier on Wednesday, the rupee had closed at 79.98. On Wednesday, the rupee touched its all-time low of 80.45. On the other hand, the dollar has seen the biggest jump in the last 20 years.
To control inflation, the Fed decided to increase interest rates
The US central bank Federal Reserve has announced to increase in interest rates by 0.75 percent to control wild inflation. The bank's benchmark funds rate has increased from 3% to 3.25% after the third consecutive increase. Interest rates are projected to go up to 4.6 percent by 2023. It is likely to have an impact on the whole world including India. Due to this, there was a huge fall in the market and the market closed at the low levels of the day. Dow Jones fell 522 points to close at the 30184 level. On the other hand, Nasdaq lost 205 points and closed at 11,220 points. The S&P is also down by 2%.
Swiss National Bank also increased the interest rate
To curb inflation, the Swiss National Bank has also raised its key interest rate from -0.25 percent to 0.5 percent, the biggest increase ever.
Also Read: Rupee vs Dollar: Rupee closes at record low against the dollar, dollar index at two-decade high
Umesh Pal Murder: STF raids Lucknow hideout of Mafia Atiq Ahmed, seizes 2 vehicles along with a flat
Prayagraj police late night raided the flat of Mafia Ateeq located in Universal Apartment in Pura
The full Union Budget for the financial year 2024-25 was presented in the Lok Sabha on Tuesday. F
YouTuber Elvish Yadav is in the news after winning Bigg Boss OTT-2 and has been embroiled in cont
After the name of 37-year-old Indian-origin entrepreneur Rinson Jose surfaced in the recent Pager
Nayanthara recently accused Dhanush of refusing to permit to use of scenes from the film 'Naanum
Due to the Chandigarh-Dibrugarh Express accident, the wheels of trains running on this route have
Comedian Zakir Khan Hospitalized? Fans Concerned After Seeing Video
Renowned stand-up star Zakir Khan has made an appearance in his brother Arbaz Khan’s latest
The last match of the five-match Test series between India and England (IND vs ENG 5th Test) is b
India and Egypt have appealed to all the countries of the world not only to stop giving shelter t
Balasaheb's loyal servant left Uddhav's side; for 30 years he served in Matoshree, now Shinde joined
Once very close to Shiv Sena supremo Balasaheb Thackeray and one of the loyalists of his residenc