The private lender HDFC Bank is planning to raise funds worth around Rs 2,500 crore through the issuance of Tier-1 bonds priced around 7.9-7.95 per cent, media reported.
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On Tuesday, investors constantly over aggressive monetary tightening ahead of the Jackson Hole symposium last week. Also, in the morning trade, the SGX Nifty Futures quoted 17,419 levels, down over 50-odd points on the Nifty50. All over the world, the US markets witnessed a free-fall yesterday as investors dumped growth stocks amid rate hike fears. Dow Jones slipped 1.9 per cent, while the S&P 500 and NASDAQ Composite declined 2.1 per cent and 2.5 per cent, respectively.
On Tuesday, Following Wall Street’s dull cues, Asia-Pacific markets slipped Nikkei 225, Hang Seng index, and South Korea’s Kospi fell to 1.2 per cent.
