Indian stocks rise for third day, rupee retreats from all-time low
Updated: 29 Jul 2022, 10:04 AM IST
TL;DR.Adding to the woes, real gross domestic product (GDP) in the US decreased at an annual rate of 0.9 per cent in the second quarter of 2022 (April-June), marking the second consecutive quarter of degrowth which qualifies for a technical recession. In the January-March quarter, real GDP decreased 1.6 per cent, US Bureau of Economic Analysis data showed.
FILE PHOTO: People stand outside the Bombay Stock Exchange (BSE), after Sensex surpassed the 60,000 level for the first time, in Mumbai, India, September 24, 2021. REUTERS/Francis Mascarenhas/File Photo