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July 26, 2011 6:33 PM

Sensex slumps more than 300 points

The Sensex plunged by 353 points on Tuesday with the RBI raising interest rates. It closed at 18,518 points losing 1.87 percent . The Nifty lost 105 points and closed at 5,575.BSE Midcap Index was down 1.01 per cent and BSE Smallcap Index moved 0.80 per cent lower.The higher-than-expected hike in ke...

July 26, 2011 5:31 PM

Sensex slumps more than 300 points

The Sensex plunged by 353 points on Tuesday with the RBI raising interest rates. It closed at 18,518 points losing 1.87 percent. The Nifty lost 105 points and closed at 5,575.

July 26, 2011 2:05 PM

RBI hikes repo rate by 0.5% to tame inflation

The Reserve Bank of India today raised its key interest rates by a steep 0.5 per cent, to arrest rising prices. In its quarterly review of monetary policy, today, the Reserve Bank hiked the repo rate, or the rate at which it lends to banks, to 8 per cent, and the reverse repo rate, or the rate at wh...

July 26, 2011 2:04 PM

Indo-Pak FS-level hold talks; finalise agenda for FMs meeting

The Foreign Secretaries of India and Pakistan are now holding discussions at the Hyderabad House in New Delhi to prepare the agenda for the ministerial level meeting tomorrow. Government sources said, that they will recommend steps to ease travel and enhance trade as well as reduce the trust deficit...

July 26, 2011 1:57 PM

Sensex slumps more than 300 points

Erasing all its early gains, the Sensex at the Bombay Stock Exchange plunged 308 points, or 1.6 percent, to 18,564, in afternoon trade, a short while ago, after the Reserve Bank hiked its key policy rates by a steeper-than-expected 50 basis points. Earlier in the morning, however, the Sensex had gai...

July 26, 2011 1:55 PM

Sensex plunge 308 points in afternoon trade

Erasing all its early gains, the Sensex at the Bombay Stock Exchange plunged 308 points, or 1.6 percent, to 18,564, in afternoon trade, a short while ago, after the Reserve Bank hiked its key policy rates by a steeper-than-expected 50 basis points. Earlier in the morning, however, the Sensex had gai...

July 26, 2011 1:34 PM

RBI raises interest rate by 50 basis points

The Reserve Bank of India today raised its key interest rates by a steep 0.5 per cent, to arrest rising prices. In its quarterly review of monetary policy, today, the Reserve Bank hiked the repo rate, or the rate at which it lends to banks, to 8 per cent, and the reverse repo rate, or the rate at wh...

July 26, 2011 12:59 PM

Indo-Pak Foreign Secy talks begins

The Foreign Secretaries of India and Pakistan are now holding discussions at the Hyderabad House in New Delhi to prepare the agenda for the ministerial level meeting tomorrow. Government sources said, that they will recommend steps to ease travel and enhance trade as well as reduce the trust deficit...

July 26, 2011 11:52 AM

RBI raises interest rate by 50 basis points

The RBI today hiked short-term lending and borrowing rates sharply by 50 basis points for the third time in three months to tame high inflation. The move is expected to make all personal and corporate loans more expensive. The RBI has also revised its fiscal-end inflation projection to 7 per cent fr...

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