Mumbai, May 8 -- According to the Federal Reserve, U.S. consumer credit increased at a seasonally adjusted annual rate of 3.2 percent during the first quarter. Revolving credit increased at an annual rate of 5.7 percent, while non-revolving credit increased at an annual rate of 2.2 percent. In March, consumer credit increased at an annual rate of 1.5 percent.
Published by HT Digital Content Services with permission from Capital Market....