Mumbai : The Shiv Sena on Friday again attacked the BJP for demonetizing Rs 500 and Rs 1,000 bank notes in 2016, calling it a "butchering of the Indian economy" which it said even the Reserve Bank Of India (RBI) had conceded. The hasty and ill-advised move was not...
Mumbai : Caution ahead of key macro-economic growth data, coupled with high global crude oil prices, pulled the Indian rupee to a fresh low of 71 to a US dollar on Friday. According to analysts, the continuous outflow of foreign funds also adversely impacted the...
Mumbai : The amount of banned currency notes that did not return to the system post demonetisation stands at Rs 10,700 crore, or 0.7 per cent of the old lot of notes, an RBI data showed on Wednesday. This amount has been arrived at based on the Reserve Bank of India...
By Rohit Vaid, Mumbai : The Indian rupee's movement against the US dollar and the upcoming macro-economic data points are expected to chart the course of key domestic equity indices during the coming week. According to market observers, other factors such as the...
Mumbai : Trade-war concerns and the resultant weak global sentiments subdued the key Indian equity indices on Friday, halting the recent record run. Of late, the Indian equity market has been hovering around record levels, and on Thursday both the key indices of...
Mumbai : Geo-political pressures, along with outflows of foreign funds and high crude oil prices dragged the Indian rupee to its lowest ever intra-day level of over 70 against a US dollar on Tuesday. On Tuesday morning, the Indian currency plunged to 70.08 -- the...
New Delhi : Lower food prices eased India's July retail inflation to 4.17 per cent from 4.92 per cent in June, even as it continued to rule over the Reserve Bank of India (RBI)'s medium-term inflation target of 4 per cent, official data showed on Monday. However, on a...
By Rohit Vaid, Mumbai : Key macro-economic inflation data points, combined with the last of first quarter earning results and the direction of foreign fund flows, are expected to drive the Indian equity indices next week. Analysts opined that the movement of the...
Mumbai : Profit booking, along with concerns over global protectionist measures, subdued the Indian equity indices on Tuesday. According to market observers, heavy selling pressure in oil and gas, banking and healthcare stocks capped the gains. Index-wise, the...
Mumbai : The Reserve Bank of India (RBI) on Wednesday raised its key benchmark lending rate by 25 basis point to 6.5 per cent in its third monetary policy review of 2018-19. "On the basis of an assessment of the current and evolving macroeconomic situation at its...