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June 8, 2024 5:16 PM June 8, 2024 5:16 PM
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Indian market wiped-out previous week's losses and gained more than 3 percent amid extreme volatility led by BJP-led NDA did not receiving a clear mandate as expected in exit polls. However, the market rebounded strongly, and went to all-time high after RBI raised the growth forecast for FY25. T...
June 7, 2024 9:26 PM June 7, 2024 9:26 PM
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The Reserve Bank has constituted a committee under the Chairmanship of former MD and CEO of National Payments Corporation of India, Mr. A P Hota to examine various aspects of setting up a digital public infrastructure for Digital Payments Intelligence Platform. According to an official statement, RB...
June 7, 2024 9:27 PM June 7, 2024 9:27 PM
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India's foreign exchange reserves have surged by 4.83 billion dollars to touch a new lifetime high of 651.5 billion dollars in the week ended 31st May. Addressing a post policy press conference in Mumbai today, RBI Governor Shaktikanta Das said the country's external sector remains resilient. Pointi...
June 7, 2024 7:15 PM June 7, 2024 7:15 PM
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Indian benchmark indices closed higher for the 3rd straight session, with Sensex touching a fresh all-time high on Friday, following the RBI's decision to keep the benchmark repo rates unchanged. The 30-stock BSE Sensex, which had opened lower at 75,032 climbed in the afternoon session to touch it...
June 7, 2024 4:50 PM June 7, 2024 4:50 PM
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The Reserve Bank has proposed to bring an auto-replenishment facility for UPI Lite wallet. As per an official statement, RBI plans to bring UPI Lite within the e-mandate framework. Accordingly, if the balance in the UPI wallet goes below a threshold amount set by the customer, the fund will move fro...
June 7, 2024 2:20 PM June 7, 2024 2:20 PM
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Indian benchmark indices climbed after opening lower today, following the RBI's decision to hold the benchmark interest rates unchanged. This marks the eighth consecutive time the RBI has maintained a steady repo rate, which has remained at 6.5 percent throughout Financial Year 2024. Sensex was tr...
June 7, 2024 2:11 PM June 7, 2024 2:11 PM
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The Reserve Bank of India today decided to keep the policy repo rate unchanged at 6.50 percent for the eighth time in a row. Consequently, the standing deposit facility (SDF) rate remains at 6.25 percent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 percent. The decisions w...
June 6, 2024 9:20 PM June 6, 2024 9:20 PM
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In the Commodity market, Gold and Silver prices witnessed gains on Thursday (6th June 2024). The precious metal, for 5th August 2024 contract, up by 0.40 percent to trade at 72,809 rupees per 10 grams. On the other side, Silver for 5th July 2024 contract, climbed 1.06 percent to trade at 91,400 ru...
June 6, 2024 7:28 PM June 6, 2024 7:28 PM
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Economic data aided the market to expect for the much awaited Policy Easing Cycle by the Fed. The Market's acceptance of the data led Nasdaq and S&P to hit record closing highs on Wednesday (5th June 2024). The Nasdaq gained around two per cent, the Dow Jones Industrial Average added 0.25 per ...
June 6, 2024 6:55 PM June 6, 2024 6:55 PM
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Foreign Capital outflows and the rise in Crude Oil prices overseas led the Rupee to loose 5 paise and close at 83.49 against the US Dollar. At the interbank foreign exchange market, the Rupee opened at 83.40 and touched the intra-day low of 83.50 against the greenback during the session befor...
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Last Updated: 5th Dec 2025
