Federal Reserve Bank of Boston President Susan Collins said she favours a more moderate pace of interest-rate increases, even as the central bank continues to tighten policy to reduce high inflation. In another statement; Federal Reserve Bank of New York President John Williams expected inflation to decline this year amid further policy tightening.
Moody’s Investors Service has affirmed the Baa3 long-term local and foreign currency bank deposit ratings of SBI. Moody’s has upgraded the long-term local and foreign currency bank deposit ratings of Bank of Baroda, Canara Bank, and Punjab National Bank to Baa3 from Ba1.
Major events of the day: Reliance Industries, JSW Steel, HDFC Life, Petronet LNG, LTI Mindtree, Union Bank of India, RBL Bank, Bandhan Bank among companies reporting earnings; Reliance Industries to also mull fund raising plan; RBI to hold government bond auctions and release weekly foreign exchange data.
January 20, 2023