The Indian rupee lost around 9 paise to the US dollar on Wednesday, closing at 89.96. After opening at a low of 90.03, the currency experienced a slight rebound by the afternoon, reaching 89.88, and then increased slightly, closing at 89.87 against the US dollar. But compared to yesterday’s close of 89.87, today’s end was…
The Reserve Bank of India unveiled a liquidity-boosting package that comprises a three-year USD/INR buy-sell swap and Rs 1 lakh crore in government bond OMO purchases, along with a unanimous 25 basis point repo rate drop to 5.25 percent. Governor Sanjay Malhotra stated that the central bank is still dedicated to supplying enough long-term liquidity,…
Following a three-day meeting, the RBI Monetary Policy Committee (MPC) retained the 5.5% repo rate. It’s not the main news, though. The central bank has announced important steps to fortify the banking industry. The FY26 GDP forecasts have also been increased to 6.8%. Additionally, for FY26, the Reserve Bank of India forecasted CPI inflation at…
In support of a resurgence in private corporate investment and private spending, Reserve Bank Governor Sanjay Malhotra and the other five members of the rate-setting panel voted earlier this month for a 25 basis point drop in the repo rate. On April 9, Governor Malhotra’s Monetary Policy Committee (MPC) lowered the short-term lending rate by…
On April 9, the Indian financial markets ended the day on a depressing note as the bells sounded to signal the end of the trading session. Investors saw a widespread sell-off as benchmark indexes declined, with major industries like IT, real estate, and PSU Banks leading the way. The Nifty concluded the day at 22,399.15,…
In light of strong agricultural output and declining crude prices, the Reserve Bank of India (RBI) reduced its inflation forecast for FY26 on Wednesday from 4.2% to 4% from 4.2% in February. The RBI’s Monetary Policy Committee (MPC) examined the state of the economy during its policy meeting and identified a significant improvement in food…
Due to U.S. President Donald Trump’s implementation of fresh tariff measures, the Indian rupee fell to a new record low of 87.9563 against the US dollar on February 10. Compared to the previous trading session, when it opened at 87.4275 vs the US dollar, the local currency was significantly weaker at 87.9175. On February 9,…
Without a doubt, this RBI policy meeting has been historic. The Reserve Bank of India has emerged from its five-year hiatus, reducing the key policy repo rate by 25 basis points to 6.25%, down from 6.50%. After 2020, this is the first instance of the RBI making a rate cut. In May 2020, the Reserve…
US President Donald Trump’s aggressive tariff measures against China, Mexico, and Canada, along with the recent threat against Europe, sparked worries of a global trade war, sending the rupee plunging to a new record low and the benchmark indices closing down on Monday. The rupee made its first foray below the 87/$ threshold. At 87.195/$,…
The benchmark indices ended Saturday’s trading day flat, despite several encouraging news in the Budget. Except for FMCG, real estate, and consumer-driven industries, which are anticipated to gain from tax cuts, most other industries witnessed no change. There was a little decrease in shares of the energy, oil and gas, and infrastructure sectors. The majority…
