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June 7, 2024 4:50 PM

RBI proposes to bring auto-replenishment facility for UPI Lite wallet

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

BSE Sensex Up By 1349 Points To Trade At 72,437 

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...

June 7, 2024 2:11 PM

RBI keeps Repo Rate unchanged at 6.5%

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

Gold and Silver prices witness gains

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...

June 6, 2024 7:28 PM

Nasdaq and S&P hit record closing highs as data supports Fed easing

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 p...

June 6, 2024 6:55 PM

Rupee down by 5 paise to close at 83.49 against US Dollar

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 bef...

June 6, 2024 6:49 PM

Sensex up by 692 points to close at 75,075

India's equity benchmark indices closed nearly one percent higher today, despite continued selling by Foreign Institutional Investors in India.   The Sensex gained 692 points, or 0.93 per cent to close at 75,075. Nifty advanced 201 points, or 0.89 per cent, to settle at 22,821. The recovery of S...

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