HDFC Bank FD Interest Rates 2023: To align the interest rate on Fixed Deposit (FD) with the recent repo rate rise by RBI, private sector lender HDFC Bank has raised the interest rate on term deposits. The bank is currently giving a maximum interest rate of 7.10% for the general public and 7.75% for senior citizens. On February 21, the increased interest rates went into effect.

Following India & Singapore's decision to join their rapid payment systems, Unified Payments Interface (UPI) & PayNow, Axis Bank has launched cross-border transactions in real-time via UPI Network, simplifying the process of fund transfers between individuals in the two Asian countries. On Tuesday, Prime Ministers Lee Hsien Loong & Narendra Modi virtually unveiled this cross-border link.

Sivasubramanian Ramann, Chairman of the Small Industries Development Bank of India, announced the bank's entry into venture debt financing at the Indian Venture and Alternate Capital Association conclave. According to Orios Venture Partners, the venture debt market accounts for 10-20% of annual venture equity flows. Unofficial estimates place it at 2-5% of annual venture capital flows in India.

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In line with its Asian counterparts, the Indian rupee experienced a one-month low on Wednesday, as forward premiums fell due to concerns over the direction of the U.S. Federal Reserve's interest rate hikes. The rupee's final value against the dollar was 82.8025, down from its previous closing of 82.7550. It dropped as high as 82.8975, its lowest point since January 4.

Gemini co-founder believes that the next crypto bull run will not start in the US. According to him, the next bull run will start in the East, & any govt that fails to offer clear rules & guidance will be left behind. Winklevoss added that crypto is a global asset class, & the West, particularly the US, can only embrace it or be left behind, missing out on significant growth opportunities.

Gold prices rose in worldwide markets on Wednesday as investors anticipated the minutes of the US Federal Reserve's last policy meeting, which could provide indications on future interest rate hikes. Spot gold was up 0.1% at $1,836.43 per ounce. Gold futures in the United States rose 0.2% to $1,845.20. Gold was down 0.04% at ₹56,144 per 10 g, while silver was down 0.3% at ₹65,851 per kg.

On February 22 morning, India's equity benchmarks were trading lower due to weak global cues. Except for a few pharmaceutical companies, all sectors were in the red. The Nifty was down 156 points, or 0.88 percent, at 17,671 at 10:15 a.m. On the options front, higher strikes saw unwinding, while call writers dominated.

IRB Infrastructure Developers Ltd shares rose more than 2% to ₹31 each on Wednesday, as the stock began trading ex-split, or on the record date of the company's equity share sub-division or stock split in the ratio of 1:10. IRB Infrastructure Developers Ltd reported a 95% increase in its consolidated net profit to ₹141 Cr for Q3 FY23 from ₹72.7 Cr the previous year.

The Indian rupee fell to a one-month low on Wednesday, tracking its Asian peers, while forward premiums fell on concerns about the Federal Reserve's interest rate hike trajectory in the United States. The rupee finished at 82.8025 per dollar, up from 82.7550 at the previous close. It weakened to 82.8975, its lowest level since January 4. Traders believe 82.90-83 is a difficult level to break.

On Wed, selling pressure increased across the board in all 10 of the Adani Group's stocks, further escalating the issue. Over Rs 40,000 cr in market value was lost today. The main company Adani Enterprises, fell more than 7%, making it the biggest loser in the group. Adani Transmission, Adani Total Gas, Adani Wilmar, and Adani Green were the other 4 group stocks that had their 5% lower circuit.

On Wednesday, the Indian market is projected to trade lower as global cues remain weak. The previous trading session saw the S&P BSE Sensex and Nifty50 close flat. Check out these stocks from experts for traders with a short trading horizon: 📌Escorts 📌Route Mobile 📌IRB Infra 📌Reliance Industries 📌Bank of Baroda 📌Bandhan Bank 📌NTPC 📌IEX 📌Shilpa Medicare

A new report shows that the downfall of FTX resulted in a $200 billion loss in cryptocurrency market capitalization in 2021. The Bank for International Settlements notes that retail investors in emerging economies like India and Thailand suffered the most. This could be because larger players sold their coins before the price declined sharply, while smaller investors were still buying.

Ankr's utility token ANKR has increased by more than 40% following the announcement of a partnership with Microsoft. According to Ankr, the enterprise node deployment service, blockchain connections for Web3 projects are fast and reliable, allowing developers to focus on scaling their applications. Ankr's price soared to $0.047 after the company announced its collaboration with the tech behemoth.

The belief that the U.S. Federal Reserve will likely imply it will proceed to raise interest rates in remarks due out later caused the price of oil to extend losses on Wed, stoking worries about slower global economic growth & lower gasoline use. On posting a 1.2% fall on Tuesday, the price of Brent crude futures for April delivery dropped 23 cents to $82.82 per barrel by 0420 GMT.