Following the RBI’s tightening of guidelines for personal loans, Bank and NBFC shares fell.

Due to strong selling pressure following the Reserve Bank’s tightening of consumer credit standards, shares of bank and non-bank financial companies fell as much as 7% during Friday’s morning trading session. Shares of State Bank of India, Axis Bank, Canara Bank, and Bank of Baroda all saw decreases of 3.34 percent, 3%, and 2.67 percent,…

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The FOMC maintains the repo rate at 5.25-5.50%: Economists anticipate another rate hike by the US Fed, before the end of 2023,

Economists claim that the US Federal Reserve has left the door open for one more rate hike before the end of the year after voting unanimously to maintain its benchmark interest rates at 5.25-5.50%. Despite sustained US inflation rates above the central bank’s target range while the US economy remains robust, the US Fed increased…

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