Mumbai, Reserve Bank Governor Shaktikanta Das will address the media at 10 am on Friday amidst the steep fall in the rupee and the continuing volatility in other segments of the financial markets. The rupee fell 0.55 per cent to a new record low of 76.86 against the US dollar on Thursday, while the equity […]
Mumbai, The RBI on Friday put on hold EMI payments on all term loans for three months and cut interest rate by steepest in more than 11 years as it joined the government effort to rescue a slowing economy that has now got caught in coronavirus whirlwind. The Reserve Bank of India (RBI) cut repo […]
In a bid to revive ailing state-run telecom companies Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL), the government has announced that the cabinet has given in-principal nod to merge both companies. Telecom Minister Ravi Shankar Prasad said that while the merger will take time, MTNL will be a subsidiary of BSNL […]
Mumbai, The Indian rupee opened 5 paise higher at 71.38 against the US dollar in early trade on Thursday tracking positive opening in domestic equities and foreign fund inflows. Forex traders said rupee was trading in a narrow range as market participants remained cautious ahead of the Brexit summit scheduled later this week and on […]
Mumbai, The rupee depreciated by 26 paise to 70.18 against the US dollar in early trade Monday amid US-China trade related concerns and rising crude oil prices. Forex traders said the strengthening of the greenback vis-a-vis other currencies overseas, foreign fund outflows and cautious opening in domestic equities added pressure to the domestic unit. At […]
Mumbai, May 3 (PTI) The benchmark BSE Sensex rose over 100 points Friday led by gains in banking and auto stocks amid sustained foreign fund inflow and easing crude prices. The 30-share index was trading 107.81 points, or 0.28 per cent, higher at 39,089.24. Similarly, the NSE Nifty up 22.45 points, or 0.91 per cent, at […]
Mumbai; The Reserve Bank of India (RBI) will unveil on Thursday its first bi-monthly monetary policy decision of this new fiscal.The RBI’s Monetary Policy Committee (MPC) will meet from April 2 to 4 for the first bi-monthly policy statement for 2019-20, the central bank said in a release Monday. “The resolution of the MPC will be […]
Washington, India’s GDP is expected to grow at 7.3 per cent in the fiscal year 2018-19, and 7.5 per cent in the following two years, the World Bank has forecast, attributing it to an upswing in consumption and investment. The bank said India will continue to be the fastest growing major economy in the world. […]
Washington, Demonetisation and the Goods and Services Tax (GST) are the two major headwinds that held back India’s economic growth last year, former RBI Governor Raghuram Rajan has said, asserting that the current seven per cent growth rate is not enough to meet the country’s needs. Addressing an audience at the University of California in […]
New Delhi : In line with the price hike announced earlier, the cost of petrol and diesel across India has been hiked as of 6:00 a.m. this morning.As per the Indian Oil Corporation website, prices of non-branded petrol have been revised to Rs. 75.61 per litre in Delhi, Rs. 76.83 per litre in Bengaluru, Rs. 78.29 per litre in […]