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Source: Live Mint With the Reserve Bank of India (RBI) slashing the repo rate by 25 basis points to 6.25 per cent, interest rates on fresh loans are likely to decline. Notably, today’s repo rate cut was the first in nearly five years. With short-term funding available cheaply to banks, personal loans to retail borrowers…
Source: Live Mint As the Reserve Bank of India’s (RBI) monetary policy committee (MPC) cut repo rate by 25 basis points on Friday, it is seen as the start of interest rate cut cycle. Typically, a cut in repo rate is followed by a similar decline in interest levied on loans as well as interest rates offered on…
Source: Live Mint Stock market today: The domestic benchmark indices, Nifty 50 and Sensex, ended lower on Thursday, with the Sensex dropping by 213.12 points to close at 78,058.16, while the Nifty 50 fell 92.95 points to finish at 23,603.35. Market sentiment remained wary as investors awaited the Reserve Bank of India’s (RBI) policy announcement,…
Source: Live Mint The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on cautious note on Friday amid mixed global cues and ahead of the Reserve Bank of India’s (RBI) monetary policy decision. The trends on Gift Nifty indicate a mildly positive start for the Indian benchmark index. The Gift…
Source: Live Mint The Reserve Bank of India’s (RBI) decision to reduce the cash reserve ratio (CRR) in its bi-monthly monetary policy marks an important first step in its policy easing cycle. While narrowly seen as a liquidity measure, injecting close to ₹1.16 trillion in primary liquidity, the CRR cut carries broader implications. Unlike open…
Source: Live Mint The Reserve Bank of India’s (RBI) on December 6 kept the benchmark repo rate unchanged at 6.5% for the eleventh straight meeting, and maintained the monetary policy stance ‘Neutral’. The six-member Monetary Policy Committee (MPC) led by RBI Governor Shaktikanta Das decided to remain unambiguously focused on a durable alignment of inflation…
Source: Live Mint Gold price today: Gold rates climbed in the domestic futures market on Friday morning amid mixed global cues, with the focus centred on the RBI policy outcome and US payroll data. MCX Gold for February 5 expiry traded 0.29 per cent higher at ₹76,697 per 10 grams around 9:20 am. RBI Governor…
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 FMCG stocks may ride through this near-term investor anxiety 4 min read Last Updated : Oct 10 2024 | 7:01 PM IST RBI on inflation: The Reserve Bank of India (RBI)’s caution on inflation, highlighted during the October monetary policy meeting, may put investors’ faith in fast moving consumer goods (FMCG) stocks…
Source: Live Mint The Reserve Bank of India’s (RBI) Governor Shaktikanta Das on Wednesday announced to raise the transaction limits of UPI 123 and UPI Lite, thus expanding the scope of UPI for an increasingly large number of people. While acknowledging that Unified Payments Interface (UPI) has transformed India’s financial landscape by making digital payments…
