In the passing week, key gauges ended in red impacted by negative cues from global markets. US inflation soared over the past year at its highest rate in four decades, hammering America`s consumers, wiping out pay raises and reinforcing the Federal Reserve`s decision to begin raising borrowing rates across the economy.
Highlights
India’s foreign exchange reserves declined by $4.531 bn
RBI kept the benchmark interest rate unchanged at 4%
The US consumer prices reflecting the fastest annual growth since Feb’ 1982
The U.S. trade deficit widened modestly in the month of Dec’21
U.K. retail sales grew at a stronger pace in January 2022
China`s services sector in January expanded at the slowest pace in five months.