The Reserve Bank of India on Wednesday broke-away from convention to reduce key lending rates by 35 basis points to 5.40 per cent. Historically, the central bank has been either reducing or increasing rates in the multiples of 25 basis points....
Sensex and Nifty mostly stayed on usual course post Reserve Bank of India's (RBI) fourth consecutive rate cut on Wednesday amid a massive slowdown in the Indian economy. The RBI on expected lines slashed the policy rates, but by an unconventional 35 basis point as against 25 basis points from 5.75 per cent to 5.40 per cent. ...
Weak domestic and demand conditions led the Reserve Bank of India on Wednesday to cut its economic forecast to 6.9 per cent for 2019-20. The RBI's monetary policy committee (MPC) in its third policy review of the current fiscal reduced the growth rate to 6.9 per cent from 7 per cent in...
To shore up slackening growth, the Reserve Bank of India on Wednesday reduced key lending rates for the fourth consecutive time. Accordingly, the the RBI's monetary policy committee (MPC) in its third policy review of the current fiscal reduced the repo, or short term lending rate for...
Sensex and Nifty on Wednesday traded on a flat note ahead of the Reserve Bank of India (RBI) policy rates announcement later in the day. The RBI is widely expected to go for a 25 basis points rate cut amid a widespread slowdown in the Indian economy. Except for metal stocks most other...
The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note but soon entered the negative zone. The Sensex of the BSE opened at 37,025.27 and touched a high of 37,037.60 and a low of 36,916.68. It is trading at 36,908.08 down by 68.77 points or 0.19 per ...
The Sensex and Nifty on Tuesday gained over 200 points during the early trade after it opened in the red amid heightened US-China trade spat and tension in the Jammu and Kashmir region. Buying was seen in heavily beaten down auto, PSU bank stocks....
It has been said that Lakshmi and Saraswati were always competing for supremacy against each other. Wherever Saraswati went, Lakshmi used to follow. It is believed that if one prays for Saraswati, Lakshmi will follow. If Saraswati departs, Lakshmi will depart with her, leaving behind her...
The US dollar declined as trade concerns persisted around global foreign exchange market, driving up safe-haven currencies including the Japanese yen and the Swiss franc. The dollar index, which measures the greenback against six major peers, fell 0.57 per cent at 97.5234 in late trading....
With focus on accelerating economic growth in Russia's far eastern region, around 50 business events, including panel discussions and roundtables, have been scheduled as part of the 5th Eastern Economic Forum (EEF) to be held here from September 4 to 6....
