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Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) unanimously decided to keep the rate unchanged at 6.5 per cent. Equity indices continued their rally in morning trade on Thursday after the Reserve Bank of India opted for a pause second time in a row, maintaining key benchmark policy rate at 6.5 per cent as inflation moderates. Fresh foreign fund inflows in the domestic equity market also added to Read More

Except for Monday, NSE will now have an F&O expiry on every day from next week. There is the Nifty Financial expiry on Tuesday, Nifty Midcap Select on Wednesday, Nifty 50 on Thursday and now Bank Nifty on Friday. NSE’s move of shifting Bank Nifty’s Futures and Options (F&O) expiry from Thursday to Friday has surprised traders. The changes will be effective from the trade date of Friday, July 7, 2023; accordingly, all existing contracts Read More

On Wednesday, the rupee closed at 82.75 against the US currency. The rupee appreciated by 33 paise to close at 82.42 (provisional) against the US dollar on Thursday, as positive macroeconomic data strengthened investor sentiments. At the interbank foreign exchange market, the local unit opened at 82.54 against the US dollar and settled at 82.42 (provisional), up 33 paise over its previous close amid sustained foreign fund inflows. During the day, the domestic unit witnessed Read More

A 19-kg commercial LPG now costs Rs 1,773 in the national capital, down from Rs Rs 1,856.5, according to price notification from state-owned fuel retailers. Price of commercial LPG, which is used by business establishments like hotels and restaurants, on Thursday was cut by Rs 83.5 per 19-kg cylinder — the third straight monthly reduction, while rates of jet fuel (ATF) were slashed by 7 per cent on softening international oil prices. A 19-kg commercial Read More

Morgan Stanley projected India’s real growth to average 6.5% in the decade, making India the third-largest economy at nearly $8 trillion by 2031. 10 transformational changes that have happened in India over the last decade are now set to propel the country to doubling per capita income, doubling export market share, raising the share of manufacturing, boosting corporate profits, and significantly improving other economic health indicators, said Morgan Stanley.. In its latest report titled ‘How Read More