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Source: Live Mint TORONTO, Jan 29 (Reuters) – The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points to 3%, cut growth forecasts and warned Canadians that a tariff war triggered by the United States could cause major economic damage. MARKET REACTION: LINK: https://www.bankofcanada.ca/2025/01/fad-press-release-2025-01-29/ COMMENTS ANDREW KELVIN, HEAD OF CANADIAN…
Source: Live Mint Early this year, the Reserve Bank of India (RBI) is expected to cut down benchmark interest rates (or repo rate). This is also known as repurchase rate i.e., the rate at which the RBI lends money to commercial banks in exchange for government securities. The current repo rate is 6.5 percent. The…
Source: Live Mint Stock Market News: The key domestic indices, Nifty 50 and Sensex, recovered after an initial downturn on Friday, experiencing a significant rise and ultimately closing the day with marked increases. In short, the Indian stock markets made a strong comeback in the latter part of the day on Friday, finishing the week…
Source: Live Mint Indian stock market: The domestic equity market benchmark indices, Sensex and Nifty 50, are expected to open on a cautious note on Monday amid mixed global market cues. Asian markets traded mostly lower, while the US stock market ended higher last week, with the Dow Jones Industrial Average and S&P 500 posting…
Source: Live Mint Stock Market News: The Nifty 50 and Sensex, which are the main benchmark indices in the country, saw decreases in their daily and weekly performance due to foreign outflows, slowing corporate earnings, and escalating tensions in the Middle East on Friday. At the close of the week, the Sensex concluded at a…
Source: Business Standard 5 min read Last Updated : Oct 09 2024 | 1:35 PM IST RBI meeting today: The Reserve Bank of India’s (RBI) today, October 9, in its policy decision kept the repo rate unchanged at 6.5 per cent but changed its stance to ‘Neutral’ from ‘Accommodative’ which is largely assumed as…
Source: Business Standard RBI, Reserve Bank of India | Image: Bloomberg 4 min read Last Updated : Oct 08 2024 | 9:07 AM IST By Anup Roy and Subhadip Sircar India’s new monetary policy committee may lay the ground for an interest rate cut on Wednesday as a wave of global easing kicks off and…
Source: Live Mint Bank credit in India has been driven by the growth in personal loans which hints at increasing household leverages. These leverages had probably led to exponential rise in the domestic asset prices. This may be attributed either to the changing mindset or overstated economic prospects. It is difficult to deny both possibilities…
Source: Business Standard Sensex, Nifty fly high: Benchmark indices – Sensex and Nifty 50 – witnessed a strong rally on Friday, September 20, 2024 on the back of a 50 bps rate cut by the Federal Reserve on September 18. The Sensex rallied 1,509.6 points intraday, hitting a fresh record high of 84,694.5 levels….
Source: Business Standard 3 min read Last Updated : Sep 19 2024 | 10:34 AM IST IT stocks shine: Information technology (IT) stocks were buzzing in trade on Thursday, September 19, 2024, with some shares rising by as much as 4 per cent during intraday trading. The Nifty IT index climbed 1.80 per…
