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February 8, 2017 5:38 PM

Monetary Policy Review: RBI maintains status quo

The Reserve Bank of India today maintained status quo on its key rates in its monetary policy review, today. So the repo rate, or the rate at which the RBI lends to banks, stands unchanged at 6.25 per cent, and the reverse repo rate, or the rate at which the RBI absorbs excess liquidity, also remain...

February 8, 2017 5:37 PM

Monetary Policy Review: RBI maintains status quo

The Reserve Bank of India today maintained status quo on its key rates in its monetary policy review, today. So the repo rate, or the rate at which the RBI lends to banks, stands unchanged at 6.25 per cent, and the reverse repo rate, or the rate at which the RBI absorbs excess liquidity, also remain...

February 8, 2017 4:59 PM

RBI keeps repo rate unchanged

RBI has kept policy rate unchanged at 6(point)25 per cent at the conclusion of its sixth bimonthly meet today. In a press statement, the apex bank said, on the basis of an assessment of the current and evolving macroeconomic situation at its meeting, the Monetary Policy Committee, MPC decided to kee...

February 8, 2017 8:54 AM

RBI Guv Urjit Patel to announce first Monetary Policy after Union Budget today

Reserve Bank of India Governor Dr Urjit Patel will announce first Monetary Policy after the Union Budget today. The Monetary Policy Committee met for its third review meeting yesterday amid mixed expectations of possible rate cut by the apex Bank. The decision on a possible rate cut is likely to be ...

February 8, 2017 8:24 AM

RBI Guv Urjit Patel to announce first Monetary Policy after Union Budget today

Reserve Bank of India Governor Dr. Urjit Patel will announce first Monetary Policy after the Union Budget today. The Monetary Policy Committee met for its third review meeting yesterday amid mixed expectations of possible rate cut by the apex Bank. The decision on a possible rate cut is likely to be...

February 7, 2017 7:31 PM

Sensex declines 104 points

Snapping a four-day post-budget rally, the Sensex at the Bombay Stock Exchange declined 104 points, or 0.4 percent, to close at 28,335, today. The Nifty at the National Stock Exchange fell 33 points, to 8,768.

February 5, 2017 4:44 PM

RBI should cut rates by 75 bps: Assocham

Industry body Assocham has said that Reserve Bank of India should cut interest rate by 0(point)5-0(point)75 per cent in view of dismal credit growth as well as subdued demand.As the RBI Monetary Policy Committee meets on February 7-8 for next bi-monthly credit policy, Assocham has impressed upon the...

February 5, 2017 4:31 PM

RBI should cut rates by 75 bps: Assocham

Industry body Assocham has said that Reserve Bank of India should cut interest rate by 0.5-0.75 per cent in view of dismal credit growth as well as subdued demand.As the RBI Monetary Policy Committee meets on February 7-8 for next bi-monthly credit policy, Assocham has impressed upon the central ban...

February 5, 2017 2:28 PM

Personal income tax base must be before corporate tax cut: Revenue Secretary

Revenue Secretary Hasmukh Adhia said that a reduction in corporate tax is a challenge and cannot be done unless there is an increase in share of personal income tax. Speaking at a post-Budget interaction held by FICCI in New Delhi, Mr Adhia said, the biggest challenge is to increase the share of the...

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