News From Press Fear of imminent US rate hike spooks stock market

Fear of imminent US rate hike spooks stock market

Source: BL Feb 12, 2022

Indian stock indices along with other global markets pulled back on Friday after fresh data showed inflation in the US was at a 40 year high. On Friday, the Sensex and Nifty declined 1.3 percent in line with the global markets and Rupee fell sharply against the Dollar as the inflation numbers spread panic. Sensex closed lower by 733 points at 58,152 and the Nifty index was down 231 points at 17,374. Rupee touched a low of 75.6 against the Dollar.

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