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September 20, 2013 8:29 PM

RBI increases repo rate to 7.50%; Retains Cash Reserve Ratio at 4%

The Reserve Bank of India Governor Raghuram Rajan today hiked the key repo rate by 0.25 per cent to 7.5 per cent. The repo rate is the rate at which banks borrow short term money from the RBI. Rajan said that the central bank's move to hike rates is aimed at reigning in the rising inflation.In ...

September 20, 2013 7:23 PM

Govt: Working on proposal to prevent entry of criminals into politics

Government today said it was working on a proposal to prevent the entry of criminals into politics. Law Minister Kapil Sibal said he was trying to build a consensus within Congress for steps to put appropriate barriers in place which would prevent criminals from entering politics. He added that the ...

September 20, 2013 7:21 PM

CBI files closure report in DA case against Mulayam Singh Yadav

The CBI today filed a closure report in six-year-old disproportionate assets case against Samajwadi Party chief Mulayam Singh Yadav citing lack of evidence. The investigating agency said, it examined a large number of persons including the Yadav family and collected several documents during its enqu...

September 20, 2013 5:01 PM

Sensex down 383 points to close at above 20,000 mark

Snapping four days of gains, the Sensex at the Bombay Stock Exchange declined 383 points, or 1.9 percent, to close at 20,264, today, after the Reserve Bank hiked the repo rate by 25 basis points. The Nifty at the National Stock Exchange dropped 103 points, or 1.7 percent, to 6,012.

September 20, 2013 4:30 PM

Sensex down 383 points to close at 20,264

Snapping four days of gains, the Sensex at the Bombay Stock Exchange declined 383 points, or 1.9 percent, to close at 20,264, today, after the Reserve Bank hiked the repo rate by 25 basis points. The Nifty at the National Stock Exchange dropped 103 points, or 1.7 percent, to 6,012.

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