Sensex slumps 239 points; bank, realty, auto stocks plunge up to 9%
The Nifty slumped by 67.85 points, or 0.67 percent, but managed to close above the 10,000-mark at 10,013.65 after touching a low of 9,998.25.
Aug 03, 2017, 17:55 PM IST
After SBI, Kotak Mahindra Bank cuts savings rate by 0.50%
A day after announcement of RBI's bi-monthly monetary policy review, Kotak Mahindra Bank on Thursday decided to slash interest on savings account deposits by 0.50 percent to 5.5 percent on balance between Rs 1 crore and Rs 5 crore.
Aug 03, 2017, 15:20 PM IST
Most analysts see end of rate cuts for the year, a few differ
The recent dip in inflation was accentuated by demonetisation-led crimp in demand and seasonal downside pressures on food, most of which are temporary and will soon fade, the rating agency warned.
Aug 02, 2017, 23:12 PM IST
Rate cut to boost private investment, resolve debt overhang: Urjit Patel
RBI Deputy governor Viral B Acharya chipped in saying that addressing the twin balance sheets problem remains the RBI's top priority at the moment as this will help reinvigorate private investments.
Aug 02, 2017, 18:46 PM IST
RBI proposes Rs 5,000 crore separate IRF investment window for FPIs
The limits prescribed for investment by FPIs in Government securities will then be exclusively available for acquiring such securities, it said, adding, FPI's access to interest rate futures for hedging purposes will continue as before.
Aug 02, 2017, 18:33 PM IST
'RBI rate cut to boost housing sales this festive season'
The real estate sector is facing a multi-year slowdown, particularly residential segment. The sales have been hit further post demonetisation and NAREDCO President Parveen Jain said the cut was much awaited and will fuel demand.
Aug 02, 2017, 18:06 PM IST
Bank, realty, auto stocks decline after RBI policy action
Kotak Mahindra Bank slipped 1.39 percent, Indusind Bank (0.90 percent), SBI (0.37 percent), ICICI Bank (0.20 percent), Federal Bank (0.13 percent) and HDFC Bank (0.04 percent) on BSE.
Aug 02, 2017, 17:45 PM IST
Breaking: RBI cuts Repo Rate to 6% from 6.25%; Reverse Repo Rate to 5.75% from 6%
Reserve Bank of India (RBI) on Wednesday in its bi-monthly monetary policy decided to keep policy stance neutral but cut repo rate to 6% from 6.25% and slashed reverse repo rate to 5.75% from 6%.
Aug 02, 2017, 17:32 PM IST
Rate cut on expected lines, 'good move' for economy: Parekh
Parekh further said that he agrees with the RBI's view that the implementation of the Goods and Services Tax (GST) was fairly smooth.
Aug 02, 2017, 17:25 PM IST
States' farm loan waivers may result in fiscal slippages: RBI
India's largest state by population Uttar Pradesh, along with Punjab, Maharashtra, and Karnataka are among the states that have announced loan waivers for farmers.
Aug 02, 2017, 17:10 PM IST
RBI comfortable with repo rate vs CPI target rate: Deputy Governor
The difference now stands at 2 percent, after the RBI cut the repo rate by 25 basis points to 6 percent, above the central bank`s inflation target of 4 percent.
Aug 02, 2017, 16:20 PM IST
RBI rate cut important step for sustained growth: Finance Ministry
The government has taken note of the statement of the Monetary Policy Committee (MPC) and its assessment of the inflation and growth outlook, he added.
Aug 02, 2017, 16:13 PM IST
RBI becomes first central bank in Asia to cut rates this year
The most liquid 10-year bonds initially fell after the decision, but then rebounded to trade flat for the day, with the yield at 6.45 percent, up 1 bps from its Tuesday close.
Aug 02, 2017, 16:02 PM IST
RBI Monetary Policy Review: Who said what
Here are the experts' comments on RBI Monetary Policy Review.
Aug 02, 2017, 15:44 PM IST
Subdued inflation prompts RBI to reduce key lending rates
The decision to maintain the repo rate was taken by the six-member Monetary Policy Committee (MPC) headed by Patel. Four members of the panel voted in favour of reducing the key lending rate.
Aug 02, 2017, 15:34 PM IST
7th Pay Commission: Evolving momentum of inflation to be determined by implementation of HRA, says RBI
In line with record low retail inflation, the RBI cut policy repo rate by 25 basis points to 6 percent and the reverse repo by similar proportion to 5.75 percent.
Aug 02, 2017, 15:30 PM IST
RBI Monetary Policy Review: Here is the full text
Here is the full text of RBI Monetary Policy Review
Aug 02, 2017, 15:11 PM IST
RBI Monetary Policy Review today: Here's what analysts expect
Analysts expect the apex bank to cut interest rates in view of the latest macro data.
Aug 02, 2017, 08:56 AM IST
RBI monetary policy review today: Urjit Patel likely to cut interest rate by 0.25%
The outcome of the Monetary Policy Committee meeting headed by RBI Governor Urjit Patel is being keenly awaited by all stakeholders including industry and stock markets.
Aug 02, 2017, 08:29 AM IST
Sensex, Nifty at new peak, all eyes on RBI move today
Setting new records for the second day, the benchmark Sensex on Tuesday closed at 32,575 and the Nifty at 10,115 as investors wait for the outcome of the RBI policy meet tomorrow amid corporate earnings momentum.
Aug 01, 2017, 17:57 PM IST
