Overnight, the Federal Open Market Committee (FOMC) raised its policy Fed Funds rate by 50 basis points to 4.25-4.50% as expected, taking the total quantum of increases in 2022 to 425 basis points, the biggest increase in a single year since the Fed Funds rate became the formal policy target in 1993. One basis point is 0.01%
Aditya Birla Sun Life Mutual Fund suspends fresh subscription in 3 international funds
Aditya Birla Sun Life Mutual Fund has suspended fresh subscriptions in three international funds from September 24, 2026, after briefly reopening them. Existing systematic transactions