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Sensex, Nifty Stage Best Winning Streak Of 2020 On RBI's Liquidity Boost
Written by Abhishek Vasudev | Friday October 09, 2020The Senses and Nifty rose for seventh session in a row led by gains in banking and financial services shares. -
Market Latest Updates: Sensex Up Over 300 Points, Nifty Firm Above 11,900 As RBI Holds Rates
Edited by Sandeep Singh (with inputs from agencies) | Friday October 09, 2020Share Market Latest Updates: The S&P BSE Sensex index rose to 40,309.18 at the strongest level in early deals whereas the broader NSE Nifty 50 benchmark climbed to as high as 11,876.05. -
RBI Cheers Bond Market Despite Keeping Rates On Hold
Reuters | Friday October 09, 2020The benchmark 10-year bond yield dropped as much as 10 basis points to 5.92 per cent on Friday. The measures were announced alongside a monetary policy committee decision. -
"Economic Revival Assumes Highest Priority", Says Shaktikanta Das. Read Full Statement Here
Edited by Sandeep Singh | Friday October 09, 2020The status quo on policy comes at a time when the country's GDP contracted a record 23.9 per cent in the April-June period. -
RBI To Rationalise Risk Weightage On Housing Loans To Push Demand
Press Trust of India | Friday October 09, 2020This measure is expected to give a fillip to bank lending to the real estate sector, the statement on Developmental and Regulatory Policies said. -
Sensex Rallies Over 350 Points; Banks Cheer Liquidity Boost By RBI
Written by Abhishek Vasudev | Friday October 09, 2020The RBI's status quo on policy rates was in line with market expectations, according to analysts. -
RTGS Payment System To Be Available 24x7 From December: RBI Governor Shaktikanta Das
Press Trust of India | Friday October 09, 2020, MumbaiCurrently, RTGS is available for customers from 7:00 am to 6:00 pm on all working days of a week, except second and fourth Saturdays of every month. -
"Monetary Policy Continues To Stay Dovish": Economists As RBI Holds Rates
Reuters | Friday October 09, 2020The MPC, as expected, kept the repo rate, its key lending rate, at 4.0 per cent, while the reverse repo rate or the key borrowing rate stayed at 3.35 per cent. -
Silver Lining Is Visible In Fight Against COVID-19: RBI Governor Shaktikanta Das
Edited by Peter Noronha | Friday October 09, 2020The economy has been worst hit by the pandemic among major countries amid a continued rises in new infections, but the RBI Governor said there are encouraging signs of a business turnaround. -
"Accommodative Stance As Long As Necessary": RBI On Rate Pause
Anirban Nag, Bloomberg | Friday October 09, 2020The decision was the first under a newly constituted MPC, which includes three external members who have in the past supported monetary and fiscal stimulus to boost the economy. -
RBI Predicts GDP Contraction By 9.5%, Keeps Status Quo On Rates
Edited by Peter Noronha | Friday October 09, 2020The monetary policy committee kept the repo rate, its key lending rate, unchanged at 4 per cent while the reverse repo rate or the key borrowing rate remained at 3.35 per cent. -
RBI Predicts -9.5% GDP For 2020-21, Keeps Rates Unchanged: 10 Points
Edited by Sandeep Singh (with inputs from agencies) | Friday October 09, 2020RBI Governor Shaktikanta Das said today that the country's economy is likely to contract 9.5 per cent in the current financial year, "with risks tilted to the downside", while maintaining a status quo on policy rates citing high inflation. The GDP may break out of the coronavirus-induced contraction and turn positive by the fourth quarter of 2020, Governor Das said. The Monetary Policy Committee - whose three new external members voted in today's policy action - unanimously favoured holding the repo rate at the existing 4 per cent, while retaining an "accommodative" stance - which rules out any hikes for the time being. -
Rate-Sensitive Stocks Trade Higher Ahead Of RBI Policy
Edited by Peter Noronha | Friday October 09, 2020The RBI Governor Shaktikanta Das will announce decisions of the Monetary Policy Committee (MPC) in an address to the media at 10:00 am. -
Monetary Policy Panel Votes Unanimously To Hold Key Rates: Highlights
Edited by Sandeep Singh | Friday October 09, 2020Shaktikanta Das On RBI Monetary Policy Latest News Updates: The RBI sees the country's real GDP contracting by 9.5 per cent in the current fiscal year, Governor Shaktikanta Das said in a webcast after the MPC meeting. -
Petrol, Diesel Prices Unchanged On Friday
Edited by Peter Noronha | Friday October 09, 2020In Delhi, the price of petrol was at Rs 81.06 per litre and diesel at Rs 70.46 per litre on October 9, according to Indian Oil Corporation.
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