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October 9, 2024 12:05 PM
The Reserve Bank of India today decided to keep the policy repo rate unchanged at 6.50 per cent for the tenth 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 per cent. The RBI has ma...
October 9, 2024 10:57 AM
Union Finance Minister Nirmala Sitharaman has emphasized that the health of banks directly influences overall economy and financial stability of households. Speaking at an event in Mumbai, the Union minister stated that the banks must practice prudence in lending to generate profits while minimizing...
October 9, 2024 10:51 AM
The Reserve Bank of India has announced a Scholarship Scheme for faculty members from academic institutions. Under the scheme, full-time faculty members teaching economics or finance at any UGC or AICTE-recognized universities or colleges in India are eligible to apply for short-term research. The a...
October 8, 2024 8:03 PM
Oil prices fell today as concern over potential oil supply disruption eased. In the global crude market, Brent crude was trading two percent down at 79 dollars and 24 cents per barrel and the U.S. West Texas Intermediate (WTI) was trading 2.2 percent down at 75 dollars and 43 cents per barrel, when ...
October 8, 2024 7:58 PM
In the Forex market today, Indian rupee ended marginally higher at 83 rupees 96 paise against the US dollar. The dollar index, which indicates US dollar's strength against a basket of six other leading currencies, is trading at 102.42 in intra-day trade. &nb...
October 8, 2024 8:08 PM
Domestic benchmark indices rebounded today, snapping its six-day losing streak. The BSE Sensex advanced over 500 points while the Nifty-50 settled above 25,000. At close, the Sensex increased by 585 points, or 0.7 percent to close at 81,635, while the Nifty gained 217 points, or 0.8 percent to settl...
October 7, 2024 6:32 PM
Oil prices extended gains today, fueled by concerns over potential disruption to exports from the major oil-producing region amid escalating conflict in West Asia. In the global crude market, Brent crude was trading more than one and a half per cent up at 79 dollars and 44 cents per barrel and ...
October 6, 2024 10:09 PM
Foreign investors pumped in over 57,000 crore rupees into the Indian equities markets till September. As per the depositories data, foreign portfolio investors, or FPIs, invested 57,724 crore rupees into equity markets, making the highest influx in nine months. They also invested 1,299 cror...
October 6, 2024 7:25 PM
The Indian markets will focus on events like the RBI monetary policy meeting, corporate earnings, geopolitical tensions, and US inflation to take cues next week. The counting of votes on October 8 for both the Haryana and Jammu and Kashmir assembly elections will also be watched. The Indian...
October 5, 2024 9:02 AM
India has become the fourth economy in the world to surpass 700 billion US dollars in foreign reserves, joining China, Japan, and Switzerland. India's foreign exchange reserves surged by 12.588 billion dollars to touch a new all-time high of 704.885 billion dollars for the week ending September 27. ...
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