IIFL Wealth Management Ltd
Published on 14/12/2017 11:41:01 AM
Federal Reserve officials did just what the street expected; they chose to increase interest-rates and raised their forecast for economic growth in 2018. The projection for three hikes in the coming year remains intact. The European Central Bank (ECB) is widely expected to raise its growth forecasts at its meet today. Meanwhile, India’s current account deficit doubled to US$ 7.2 billion in Q2 due to higher oil prices. The stock market witnessed a volatile session on Wednesday. The second phase of the Gujarat elections will kick in today. Asian stocks are higher, while US markets closed mixed. The assets under management of the mutual fund industry rose to a record high of Rs 22.79 trillion in November. On the macro front, the wholesale price index-based (WPI) inflation will be announced today .
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