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. Markets started the day on pessimistic note as India Ratings said inflation, supply chain disruptions and a weak consumption demand

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