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Source: Live Mint Soon after the Reserve Bank of India (RBI) cut its repo rate by 50 basis points, most banks have followed suit by cutting interest rates on their fixed deposits (FDs). Now most banks offer anywhere between 6.25 to 6.5 percent per annum on their term deposits. This is enough to prompt investors…
Source: Live Mint New Delhi [India], June 14 (ANI): Foreign portfolio investors (FPIs) pumped ₹3,346.94 crore into Indian stock markets this week, boosted by positive sentiment after the Reserve Bank of India (RBI) announced a rate cut, according to data from the National Securities Depository Limited (NSDL). The rate cut by the RBI supported investor…
Source: Live Mint The strikes reportedly came in response to Iran being on the brink of developing nuclear weapons, amplifying the instability across West Asia and fuelling fears about oil prices remaining stubbornly high. The Israel-Iran conflict has sent Brent crude prices soaring above $75 a barrel, stoking fears of inflationary pressure driving up input…
Source: Live Mint The Reserve Bank of India (RBI) has updated its rules with regards to inoperative accounts/ unclaimed deposits in banks. The latest instructions which will be called Inoperative accounts/ unclaimed deposits in banks – Revised instructions (Amendment) 2025 will come into force with immediate effect. What happens to inoperative accounts? As of now,…
Source: Live Mint The yield gap between India’s 10-year government bond and the US 10-year Treasury note has narrowed significantly, falling to just around 1.88% — a far cry from the 6.35% spread seen in 2014. The development comes amid a steady drop in Indian bond yields driven by easing inflation, a dovish monetary policy…
Source: Live Mint Stock market today: On Tuesday, 137 stocks hit their 52-week high, including Abbott India Ltd, Bank of India, Bharat Electronics Ltd, Dalmia Bharat Ltd, InterGlobe Aviation Ltd, Max Financial Services Ltd, Muthoot Finance Ltd, SBI Cards and Payment Services Ltd, and SRF Ltd. In contrast, 33 stocks touched 52-week lows, with notable…
Source: Live Mint RBI Governor Sanjay Malhotra, in a welcome move, cut the repo rate by 50 bps (basis points) to 5.50% and the CRR rate by 100 bps to 3%, providing ample liquidity to the financial services system. The brilliant move will likely spur corporate activity and consumer spending. Also Read | Buy or…
Source: Live Mint Mumbai (Maharashtra) [India], June 7 (ANI): Foreign Portfolio Investors (FPIs) began the first week of June on a weak note in the Indian stock market, with net investments staying in the negative territory. According to data released by NSDL, FPIs pulled out a total of ₹8,749 crore from Indian equities during the…
Source: Live Mint Stock market today: Indian stocks gained on Friday, recovering from an initial decline, following the Reserve Bank of India’s unexpected decision to cut its key repo rate by 50 basis points to bolster economic growth. In a surprise move, the central bank also reduced banks’ Cash Reserve Ratio (CRR) by 100 basis…
Source: Live Mint RBI MPC Meeting LIVE Updates: The Reserve Bank of India (RBI) will announce its second bi-monthly monetary policy of FY26 today, 6 June 2025. The RBI Governor Sanjay Malhotra-headed Monetary Policy Committee (MPC) meeting was scheduled from June 4 to 6, and the repo rate decision will be announced today. The June…
