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Rupee slides as US CPI data stokes speculation of 100 bps Fed hike

Photo: Brent Lewin/Bloomberg

Rupee slides as US CPI data stokes speculation of 100 bps Fed hike The rupee weakened sharply against the dollar on Wednesday as a higher-than-expected US inflation print led to anticipation of a steep rate hike by the Federal Reserve, leading to global strengthening of the greenback. Government bonds also weakened as the US inflation data resulted ...

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4 new alternative investment options offering high returns at high risk

4 new alternative investment options offering high returns at high risk [ad_1] If you are a savvy investor, you would find it difficult to ignore alternative assets now. That is because the global trend of savvy investors of all sizes making substantial allocations towards alternative assets seems to be growing in India as well. When done right, alternative assets can ...

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Insurers juggle surge in claims in aftermath of Bengaluru floods

Bengaluru, rains, floods

Insurers juggle surge in claims in aftermath of Bengaluru floods By Nandan Mandayam BENGALURU (Reuters) – India’s insurance providers are bracing for a massive rise in claims for damaged cars and property as floodwaters start receding in India’s tech hub Bengaluru, with initial estimates showing losses running into millions of rupees. Three days of heavy rainfall ...

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Govt to soon invite bids for IDBI Bank privatisation: DIPAM Secretary

Secretary of Department of Investment and Public Asset Management (DIPAM) Tuhin Kant Pandey (Photo: PTI)

Govt to soon invite bids for IDBI Bank privatisation: DIPAM Secretary DIPAM Secretary Tuhin Kanta Pandey on Wednesday said the department is working on the Expression of Interest (EoI) and would soon invite preliminary bids from investors for the privatisation of IDBI Bank. The Cabinet Committee on Economic Affairs gave in-principle approval for strategic disinvestment and transfer ...

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