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Shaktikanta Das-Led RBI To Announce Policy Decision Today. Will There Be A Rate Cut?
Edited by Sandeep Singh (with inputs from agencies) | Thursday August 06, 2020The Reserve Bank of India (RBI) will shortly announce its decision on monetary policy today as its top brass concludes a three-day review. Economists remain divided over whether the central bank will ease monetary policy further, by reducing the repo rate, despite inflation remaining way beyond its comfort zone. When Governor Shaktikanta Das addresses the media at noon, all eyes will be also on any hints of further monetary easing in the coming months, as well as any clarity on a relaxation in loan EMIs brought in during the coronavirus lockdown. Some say the country's worsening economic outlook amid increasing COVID-19 cases necessitates further reduction in the key lending rates, especially at a time when the central bank's recent policies have focused on financial stability and the need to support growth despite the price target. -
Petrol, Diesel Prices Unchanged On Thursday
Edited by Peter Noronha | Thursday August 06, 2020In Delhi, the price of petrol stood at Rs 80.43 per litre and that of diesel at Rs73.56 per litre, according to notifications from Indian Oil Corporation. -
Sensex, Nifty Likely To Have A Mildly Positive Opening
Edited by Peter Noronha (with inputs from agencies) | Thursday August 06, 2020The Reserve Bank of India's (RBI's) six-member Monetary Policy Committee (MPC), headed by the RBI Governor, is scheduled to announce the decisions of the panel. -
Ajay Tyagi Gets 18 Months' Extension As SEBI Chairman
Press Trust of India | Wednesday August 05, 2020Mr Tyagi was appointed as the SEBI chairman in March 2017 -
Asset Quality Of Banks, Non-Banking Lenders Can Deteriorate Further: Rating Agency ICRA
Edited by Abhik Deb (with inputs from agencies) | Wednesday August 05, 2020ICRA said 10 to 15 per cent of borrowers who continue to opt for the moratorium will be more vulnerable to slippages -
Rupee's Appreciation Has Been Softer Against Dollar's Depreciation
Reported by Purva Chitnis and Sakshi Bajaj, Edited by Abhishek Vasudev | Wednesday August 05, 2020In July US dollar index dropped 4.33% and the Indian rupee appreciated against the greenback by a mere 1%, Bloomberg data showed. -
Government Widens Chinese App Ban To Cover More Products From Xiaomi, Baidu: Report
Reuters | Wednesday August 05, 2020The new list reportedly contains mostly clones, or simply different versions, of the already banned apps -
Bharti Airtel Partners With Amazon To Grow Cloud Business
Edited by Abhik Deb (with inputs from agencies) | Wednesday August 05, 2020Airtel's shares rose 1.83 per cent to close at Rs 558.85 apiece -
Silver Price Today: Domestic Silver Futures Cross Rs 72,700 To New Record High
Edited by Sandeep Singh (with inputs from Reuters) | Wednesday August 05, 2020Silver Price Today: At 4:52 pm, the MCX silver futures contract quoted at Rs 72,287, up Rs 2,490 or 3.57 per cent from its previous close. -
Virgin Atlantic Files For Bankruptcy Protection In US Amid Pandemic
Agence France-Presse | Wednesday August 05, 2020The British airline has announced plans for private funding worth 1.2 billion pounds -
Sensex, Nifty End Flat A Day Ahead Of RBI Monetary Policy Decision
Edited by Abhishek Vasudev | Wednesday August 05, 2020Analysts awaited the outcome of the Reserve Bank of India's three-day policy review due on Thursday for near-term cues. -
Zydus Cadila's COVID-19 Vaccine Candidate Found Safe In Early-Stage Human Trial
Reuters | Wednesday August 05, 2020Zydus plans to complete late-stage trials for ZyCoV-D by February or March and could produce up to 100 million doses a year initially. -
Rupee Closes Higher At 74.93 Against Dollar Tracking Asian Currencies
Edited by Sandeep Singh (with inputs from agencies) | Wednesday August 05, 2020Analysts awaited the outcome of the Reserve Bank of India's policy review due on Thursday. -
Sensex, Nifty Off Day's Highs; HDFC Bank, Infosys Among Top Drags
Edited by Abhishek Vasudev | Wednesday August 05, 2020Thirteen of 19 sector gauges compiled by BSE were trading higher led by the S&&P BSE Metal index's over 3 per cent gain. -
Gold Price Today: Domestic Gold Futures Surge To Record Rs 55,000 Ahead Of Expiry
Edited by Sandeep Singh (with inputs from Reuters) | Wednesday August 05, 2020Gold Price: Multi Commodity Exchange (MCX) gold futures, due to expire by the end of the session, quoted at an all-time high of Rs 55,039 at 12:26 pm.
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