Home Business Indian equity benchmarks closed over 1% lower on Friday and registered their...

Indian equity benchmarks closed over 1% lower on Friday and registered their worst week since November, as investors fretted that fast-paced interest rate hikes to fight surging inflation would slow global economic growth.

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Dear Trader…                          Friday turned out to be a horrendous day of trade for Indian equity benchmarks with frontline gauges shaved off over one and a half percent each as traders were worried that aggressive interest rate hikes to tame surging inflation may dent global economic growth in the coming time.

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