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Indian stocks open in green; inflation data eyed for fresh cues
Updated : 2 years, 11 months ago IST
Indian stock indices opened Tuesday's trade on a positive note, largely due to the pause in an interest rate hike by RBI which brought cheers among investors.
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Does Repo Rate pause mean good times for the real estate sector?
Updated : 2 years, 11 months ago IST
Delhi NCR [India], April 10 (ANI/NewsVoir): The Reserve Bank of India (RBI) declared that the repo rate, which remains at 6.5% from the most recent review meeting, has not changed for the first time in the previous 12 months. The RBI has kept the repo rate at its current level. The real esta
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Indian stocks extend gains; focus now on inflation data, Q4 earnings
Updated : 2 years, 11 months ago IST
The indices extended gains for the sixth session in a row, as the central bank made a surprise decision of keeping the repo rate unchanged to assess the effects of the policy rate tightening so far.
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Unchanged interest rate by RBI a boon for housing sector: Anarock
Updated : 2 years, 11 months ago IST
The pause in interest rates by the Reserve Bank of India (RBI) is positive for the real estate market, which faced headwinds amid layoffs by large corporates globally, said real estate consultancy firm Anarock.
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India's foreign exchange reserves decline 329 mn to USD 578.45 bn
Updated : 2 years, 11 months ago IST
According to RBI's latest data, India's foreign currency assets, the biggest component of the forex reserves, fell by USD 4.38 billion to USD 509.691 billion
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SC grants 3 more weeks to Finance Ministry to respond on plea seeking mech
Updated : 2 years, 11 months ago IST
A bench of Chief Justice of India DY Chandrachud and Justice JB Pardiwala posted the matter for hearing on April 28.
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RBI's retail pilot of the digital rupee goes live in India's 4 metro citie
Updated : 2 years, 11 months ago IST
New Delhi [India], April 7 (ANI/PNN): As expected, the pilot for the retail digital rupee was launched in Mumbai, New Delhi, Bengaluru and Bhubaneswar on December 1, 2022. The retail digital rupee project started in a closed user group with the participation of four leading lenders, includin
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Here's how experts reacted to RBI keeping repo rate unchanged after 250 bp
Updated : 2 years, 11 months ago IST
The Reserve Bank of India, in its first monetary policy review meeting in 2023-24, decided to keep the key benchmark interest rate - the repo rate - unchanged at 6.5 per cent, to assess the effects of the policy rate tightening done so far.
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Indian stock markets shut today for Good Friday
Updated : 2 years, 11 months ago IST
Indian stock markets will remain shut today on account of Good Friday. The usual trade will resume next week.
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RBI surprise helps key equity indices extend gains for fifth day
Updated : 2 years, 11 months ago IST
BSE Sensex went up 143 points to settle at 59,832.97 while NSE Nifty surged 42 points to end at 17,599.15 on Thursday.
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RBI applies brake on repo rate hike; here's what analysts have to say
Updated : 2 years, 11 months ago IST
The Reserve Bank of India, in its first monetary policy review meeting in 2023-24, decided to keep the key benchmark interest rate - the repo rate - unchanged at 6.5 per cent.
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RBI projects real GDP growth for 2023-24 at 6.5 pc
Updated : 2 years, 11 months ago IST
During his speech on Thursday, the governor said that RBI projected GDP growth in FY24's first quarter (Q1) at 7.8 per cent; the second quarter (Q2) at 6.2 per cent; the third quarter (Q3) at 6.1 per cent; and the fourth quarter (Q4) at 5.9 per cent.
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