Indian stock markets plummet: Inflation fears to shake the world
Rising global inflation and interest rate hikes have wreaked havoc on the indian stock market. Today, the bombay Stock Exchange dropped around 700 points. russia is waging war on Ukraine. Around the world, this atmosphere has caused economic threats. As a result, gold and crude oil prices are skyrocketing. To keep inflation under control, the US Federal Reserve boosted interest rates. The bank of england has hiked interest rates as well. As a result, the global rate of inflation is increasing. As a result, stock markets worldwide are in free fall.
The bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW">reserve bank of india has also increased interest rates. The bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW">reserve bank of india increased the short-term loan interest rate by 40 basis points to 4.40 percent. As a result, interest rates on numerous forms of bank loans, such as business loans, home loans, vehicle loans, jewellery loans, and personal loans, have risen. indian stock markets are dropping as a result of this. The stock markets in india are still falling. The mumbai Stock Exchange's morning session began with a drop. At 54,156, the Sensex was down 678 points. On the National Stock Exchange, the Nifty was down 198 points at 16,212. Following that, it became a slightly ascending trade.
The bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW">reserve bank of india has also increased interest rates. The bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW">reserve bank of india increased the short-term loan interest rate by 40 basis points to 4.40 percent. As a result, interest rates on numerous forms of bank loans, such as business loans, home loans, vehicle loans, jewellery loans, and personal loans, have risen. indian stock markets are dropping as a result of this. The stock markets in india are still falling. The mumbai Stock Exchange's morning session began with a drop. At 54,156, the Sensex was down 678 points. On the National Stock Exchange, the Nifty was down 198 points at 16,212. Following that, it became a slightly ascending trade.