Business

January 28, 2025 7:53 PM

Indian Stock Market Rises Over Half Percent, Boosted by Banking Sector; Rupee Weakens Against Dollar

Benchmark domestic equity indices today ended with gains of over half percent, led by Banking and Financial Services sectors following RBI’s announcement of measures to boost liquidity in the banking system. The 30-share index at Bombay Stock Exchange, Sensex, rose 535 points, or 0.71 percent...

January 28, 2025 1:47 PM

Sensex soars 869 points, Nifty up by 221 points

Benchmark domestic equity indices, Sensex and Nifty, were trading higher in the afternoon trade today, boosted by Realty, Banking, Financial Services and Auto sectors. The 30-share BSE Sensex surged 869 points, or 1.15 per cent, to 76,235, and the NSE Nifty50 gained 221 points, almost one per cent, ...

RBI publishes Payment System Report for Dec 2024

January 28, 2025 2:06 PM

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RBI publishes Payment System Report for Dec 2024

The Reserve Bank of India has published the Payment System Report, December 2024. The report analyses the trends in payment transactions carried out using various payment systems in India during the last five calendar years up to CY-2024. It also covers important developments in the payment ecosyste...

January 27, 2025 9:56 PM

Indian companies display nation’s pharmaceutical and healthcare capabilities at Arab Health Exhibition

The 50th edition of the Arab Health Exhibition & Congress opened today at the Dubai World Trade Centre, featuring a substantial Indian presence of 361 companies showcasing the nation's pharmaceutical and healthcare capabilities. The event, running from January 27-30, 2025, arrives as ind...

January 27, 2025 6:32 PM

RBI to inject liquidity into banking system

On a review of current liquidity and financial conditions, the Reserve Bank has decided to conduct certain operations to inject liquidity into the banking system. As per the bank's press release, the RBI will hold OMO purchase auctions of Government of India securities for an aggregate amount of 60,...

January 27, 2025 6:01 PM

Rupee depreciates by 14 paise to settle at 86.34 against US dollar

In the Forex market, the rupee today depreciated by 14 paise to settle at 86 rupees and 34 paise against the US dollar due to strong dollar demand and downtrend in domestic equities. The dollar index, which indicates US dollar's strength against a basket of six other leading currencies, is trading a...

January 27, 2025 2:01 PM

Sensex drops 760 points, Nifty dips 234 points

Benchmark domestic equity indices, Sensex and Nifty, were trading around one per cent down due to heavy selling pressure in the afternoon trade today, amid weak global cues, and ongoing foreign outflows. The 30-share BSE Sensex tanked 760 points, to 75,430, and the NSE Nifty50 dipped 234 points, to ...

January 25, 2025 5:22 PM

US stocks end with gains more than 1.6 percent

U.S. stocks edged back from their all-time high as they closed out a second straight winning week with gains of more than 1.6 per cent. The Federal Reserve's first meeting of 2025 in the coming week stands to test the resurgence in U.S. stocks as investors gauge the extent of more equity-friendly in...

January 24, 2025 8:28 PM

India’s foreign exchange declines by 1.8 billion dollars till 17th Jan

India's foreign exchange reserves declined by 1.8 billion dollars to 623.98 billion dollars in the week ending January 17, the latest data released by the Reserve Bank of India (RBI) showed today. In the previous week, the country's forex reserves had dropped by 8.7 billion dollars in the week endin...

January 24, 2025 6:45 PM

Oil prices up today but remained on track for a weekly decline

Oil prices rose today, but remained on track for a weekly decline after the US President Donald Trump announced plans to boost US production and demanded OPEC to lower prices. Brent Crude was trading over 0.4 percent up at 78 dollars and 62 cents per barrel, and WTI Crude also added over 0.3 percent...

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