Business

February 11, 2022 7:17 PM

Oil prices gain more than one percent; Brent crude at 91.20 dollars per barrel

Oil prices today rose more than one percent. However, the crude were still heading for weekly losses on inflation worries and U.S.-Iran which could boost global supplies. In intra-day trade, Brent crude was trading around 92 dollars and 60 cents per barrel while WTI crude prices were at 91 dollars a...

February 11, 2022 6:54 PM

Yellow metal falls Rs 210 to trade at Rs 48,740, Silver also declines Rs 1050

Gold prices today fell 210 rupees at Multi Commodity Exchange for April contracts. The precious metal was trading at 48,740 rupees per 10 gram. Silver prices declined 1050 rupees to 62,220 rupees per kilogram for March Contracts when reports last came in. In the New York Mercantile Exchange, gold wa...

February 11, 2022 10:21 AM

RBI bi-monthly monetary policy is accommodative, says AIAI

All India Association of Industries has said that the bi-monthly monetary policy announced by the Reserve Bank is accommodative and intends to promote economic recovery and growth. In a statement, President, All India Association of Industries, Vijay Kalantri said, GDP growth prediction of 7.8 perce...

February 10, 2022 1:58 PM

RBI announces Bi-monthly policy; Maintains status quo in policy rates

The Reserve Bank of India today maintained  status quo in policy rates as the Monetary Policy Committee (MPC) voted unanimously to keep the policy repo rate at 4% to keep the stance accommodative. While announcing the Bi-monthly policy RBI Governor Shaktikant Das said, MSF rate and bank rate will re...

February 8, 2022 7:01 PM

Oil prices slips two percent ahead of US-Iran talks

Oil prices today fell around two percent. The crude prices fell ahead of the resumption of indirect talks between the United States and Iran which may revive a nuclear deal that could lead to the removal of sanctions on Iranian oil sales, increasing global supplies. In intra-day trade, Brent crude w...

February 8, 2022 7:00 PM

Currency: Rupee weakens six paise to 74.75 against US dollar

In the forex market, the rupee today weakened six paise against the US dollar. The domestic currency was trading at 74 rupees and 75 paise per dollar. The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, rose 0.16 percent to trade at 9...

February 8, 2022 6:40 PM

RBI begins three-day deliberations to decide the next monetary policy

The Reserve Bank's rate-setting panel began its three-day deliberations today to decide the next monetary policy in the backdrop of Budget 2022-23, inflationary concerns, and evolving geopolitical situation. Reserve Bank Governor Shaktikanta Das headed six-member Monetary Policy Committee (...

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