Business
Reserve Bank Governor Raghuram Rajan today kept policy rate unchanged awaiting clarity on impact of unseasonal rains on food inflation even as he wanted banks to pass on benefits of previous two rate cuts. The repo rate, at which RBI lends to the banking system, will continue to be at 7.5 per cent and the […]
Today, The benchmark BSE Sensex gained over 244 points to settle the day at 28,504.46, before RBI’s monetary policy review tomorrow, mainly driven by strong rally in healthcare and realty stocks.Brokers said sustained buying by participants to enlarge their portfolios ahead of the RBI’s bi-monthly policy and appreciating rupee against the dollar buoyed the sentiment.
The Prime Minister, Shri Narendra Modi, today urged the Reserve Bank of India to take the lead in encouraging financial institutions to set concrete targets for financial inclusion over the next 20 years, to help transform the quality of life of the poor. “I come as a representative of the poor, underprivileged, marginalized and tribals; […]
Today, Prime Minister Narendra Modi asked the Reserve Bank of India to prepare a 20-year road map for financial inclusion and nudged banks to be considerate in giving loans to the poor as also while making recoveries from them, especially farmers. “RBI will be completing 100 years in 2035..it will be appropriate for the central […]
In an early trade today the benchmark BSE Sensex gained over 236 points at 27,694.41 on fresh buying by participants as the April series in derivatives segment began amid positive Asian cues.
Today in an early trade the benchmark BSE Sensex rose over 87 points as healthcare, IT and realty sectors oriented stocks had heavy buying on covering-up of short positions by speculators.
The Asian Development Bank,ADB projected India’s economic growth rate to cross China and improve to 7.8 percent in next fiscal as per 2015 report. Growth rate will be of order 8.2 percent in 2016-17.
Today, BSE Sensex rebounded sharply by 307 points in late morning trade to 28,744.47, tracking firm global cues.
The wholesale inflation dipped to (-)2.06 percent in February 2015 as prices of food articles, manufactured items and fuel products fell during the month.
In an early trade today the benchmark BSE Sensex gained over 78 points as participants made fresh buying in selective stocks ahead of inflation data to be released later in the day. The 30-share index was trading higher by 78.52 points, or 0.27 per cent, at 28,581.82 as sectoral indices, led by IT, technology and […]
