The Nifty has declined nearly 3% in the past month – and 4.6% in the past week. The Nifty Midcap 100 and Nifty Smallcap 100 indices have plunged more than 5% in a week after foreign portfolio investors sold shares worth ₹16,000 crore since the latest increase in interest rates by the US Federal Reserve.
Indian Bank raises deposit rates by 15 basis points
Indian Bank managing director Binod Kumar had said earlier that the bank does not have surplus liquidity as it shed Rs 10,000 crore of bulk