Benchmark indices Sensex and Nifty recovered significantly from their intraday lows on Wednesday as value buying emerged following eight consecutive weeks of market declines. At 11 am, the Sensex was down 76.47 points, or 0.1%, at 72,991.34, while the Nifty declined 71.10 points, or 0.31%, to 22,705. The broader market remained evenly balanced, with 1,798 stocks advancing, 1,809 declining and 172…
RBI raised interest rates for the first time in nearly four years. Governor Sanjay Malhotra says given the current economic scenario, rate hikes are off the table in the near-term. (Source: Bloomberg)
Morocco's currency has fallen 6.5% against the US dollar since late July, making the country cheaper for American visitors and US goods dearer for Moroccans.
