Mumbai (Maharashtra) [India], Dec 5 (ANI): The Reserve Bank of India (RBI) on Thursday kept repo rate unchanged at the current 5.15 per cent level but revised gross domestic product (GDP) growth projection for the current financial year 2019-20 to 5 per cent from its earlier forecast of 6.1
New York [USA], Nov 14 (ANI): India's economic slowdown is lasting longer than previously expected, Moody's Investors Service said on Thursday while pegging its forecast for the gross domestic product (GDP) growth at 5.6 per cent in 2019 calendar year.
Mumbai (Maharashtra) [India], Oct 4 (ANI): The interest rate cut by Reserve Bank of India (RBI) failed to boost market sentiment on Friday as equity benchmarks fell after the central bank also lowered its forecast of GDP growth rate to 6.1 per cent for the current financial year.
New Delhi [India], Oct 4 (ANI): Reduction of interest rate by 0.25 per cent by the Reserve Bank of India (RBI) and the accompanying dovish statement keeps the door open for future reductions to revive economic growth amid volatile global trade, experts said on Friday.
Mumbai (Maharashtra) [India], Oct 4 (ANI): Equity benchmark indices reversed early morning trends and turned red on Friday afternoon after the Reserve Bank of India cut repo rate by 25 basis points to 5.15 per cent but also lowered its GDP growth forecast for the current financial year to 6.
Mumbai (Maharashtra) [India], Aug 28 (ANI): Equity benchmark indices traded with a negative bias on Wednesday amid weak domestic and global cues with heavy selling pressure witnessed in metal and automobile stocks.
Singapore, Aug 23 (ANI): Moody's Investors Service on Friday cut India's GDP growth forecast for the calendar year 2019 to 6.2 per cent from its previous estimate of 6.8 per cent.