Dec 09, 2016 at 13:15 | Source: Moneycontrol.com
Possible US Fed rate hike, OPEC decision to cut crude production and redemption of FCNR deposits are causing volatility in the rupee. Here is a quick video to help you understand why the rupee is falling.
Dec 09, 2016 at 08:14 | Source: Reuters
NYMEX crude for January delivery was up 17 cents at USD 51.01 a barrel by 0039 GMT, after closing up USD 1.07 on Thursday. However, the contract is set for a weekly decline of around 1 percent.
Dec 08, 2016 at 14:46 | Source: PTI
RBI surprised with a status quo on policy, premised on upside risk to January-March quarter inflation and limited transient growth drag owing to demonetisation.
Dec 08, 2016 at 09:35 | Source: CNBC-TV18
Sonal Varma of Nomura and Ravikant Bhat of IDBI Capital believe that RBI's move to keep key rates unchanged was fair given that it did not see inflation going down at the moment.
Dec 07, 2016 at 19:18 | Source: PTI
Describing RBI's decision tomaintain status quo as "bold and brilliant", Finance Ministrytoday said rate cut in times of global uncertainty would haveprompted overseas investors to withdraw their investments.
Dec 07, 2016 at 18:10 | Source: PTI
With RBI belying expectations of a rate cut, India Inc today expressed disappointment saying a rate cut was needed to provide fillip to the flagging industrial economy and stimulate consumption that has been hit by demonetisation.
Dec 07, 2016 at 17:11 | Source: Moneycontrol.com
RBI Governor Urjit Patel delivered a status quo on rates that wrong-footed many: A rate cut had been seen as a given, the quantum was the question. That said, there are three positives in a hawkish-looking statement that markets may be discounting.
Dec 07, 2016 at 16:41 | Source: CNBC-TV18
State Bank of India chief Arundhati Bhattacharya said RBI Governor Urjit Patel-led Monetary Policy Committees status quo on rates was disappointing as the market was expecting a 25 basis point cut. Oil prices and a likely rate hike by the US Federal Reserve would have played a role in MPCs decision-making process, she added.
Dec 07, 2016 at 16:18 | Source: Moneycontrol.com
The RBI left the cash reserve ratio unchanged at 4 percent, as expected, and announced that the incremental CRR of 100 percent will stand withdrawn from 10 December. The increase in the market stabilisation securities ceiling to INR6trn has boosted the RBIs firepower to absorb liquidity.
Dec 07, 2016 at 16:05 | Source: Moneycontrol.com
Equity benchmarks reversed gains in last hour of trade with the Sensex falling 228 points intraday Wednesday as the Reserve Bank defied expectations of rate cut by keeping repo rate unchanged and lowered GVA estimates. However, the fall was arrested after the RBI decided to withdraw incremental CRR from December 10.