The Indian rupee is trading flat at 71.51 per dollar ahead of Reserve Bank of India's (RBI) monetary policy outcome, with buying seen in the domestic equity market.It opened marginally higher at 71.48 per dollar on Thursday versus previous close 71.53, with .On December 4, the rupee ended 13 paise higher at 71.53 against US dollar on renewed hopes about US-China trade deal.Close The Indian unit went through bouts of volatility for a better part of the session as caution prevailed among participants ahead of Reserve Bank's policy meet outcome and also due to uncertainties around global trade deal. related news Indian rupee on slippery slope for a year at least: Poll Rupee firms up by 13 paise against USD Rupee trades lower at 71.75 per dollar The Sensex was up 103.36 points or 0.25% at 40953.65, and the Nifty was up 23.40 points or 0.19% at 12066.60.Also Read - Indian rupee on slippery slope for a year at least: PollThe dollar and export-oriented currencies found support … [Read more...] about Rupee trades flat ahead of RBI policy outcome
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The Indian rupee falls 8 paise to 71.61 against the US dollar in mid-session trade on Thursday after the Reserve Bank surprisingly left key policy rate unchanged at 5.15 per cent.The RBI maintained status quo in its policy decision and decided to continue with its accommodative stance to support the economy.The central bank also revised GDP growth downwards to 5 per cent for 2019-20 from 6.1 per cent projected in its October policy.Close All the six members of the MPC voted in favour of a rate pause.The CPI inflation projection is revised upwards to 5.1-4.7 per cent for H2 FY20 and 4-3.8 per cent for H1 FY21.Between February and October 2019, the RBI has reduced repo rate by 135 basis points.Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in … [Read more...] about Indian rupee skids 8 paise as RBI leaves interest rate unchanged
Manisha GuptaOnion prices in major Asian markets like Nepal, Bangladesh and Sri Lanka have climbed to $2-$6 per kg over the past few weeks, up $0.5-$1 per kg, with experts attributing the sudden demand from India as one of the reasons.Across the world, onion prices are up around 12 percent on an average, over November.Close India, the world’s largest exporter of onions, banned exports in September, and this is likely to continue for a while till prices come under control. related news Centre deliberately creating scarcity of onion in Delhi: Sisodia Nexus between BJP, hoarders responsible for rocketing onion prices: AAP Despite rising prices and shortage at home, India continues to export onion to Maldives A similar trend in onion prices has also been seen in countries like China, Iran, Indonesia and South Korea, where prices have risen between 9 percent and 22 percent over the last one month.The National Horticulture Development Board (NHDB) has estimated India’s … [Read more...] about Onion prices in Asia surge 9-22% as India scouts for imports
Moneycontrol BureauThe Reserve Bank of India (RBI) left the repo rate unchanged in its December policy review while maintaining accommodative stance, as it expects past monetary easing and measures taken by the government to feed into the real economy gradually.All six members of Monetary Policy Committee (MPC) voted in favour of a pause, the central bank said in a statement on December 5.Close To catch all the action from the Monetary Policy Meet, click here related news RBI Credit Policy | To issue draft norms for cooperative banks to strengthen safety of deposits Households expect inflation to rise, businesses see weak demand: RBI survey RBI Credit Policy | Monetary Policy Committee raises consumer inflation target for October-March to 4.7-5.1% Following are the key takeaways from the monetary policy:On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (December 5, 2019) decided to:- … [Read more...] about RBI Monetary Policy: A quick read of the policy document
Tata Motors will unveil its much-anticipated premium hatchback today, the Altroz. It is slated for a launch in January 2020 and gets a host of premium features and upgrades from the Indian carmaker.Multiple spy shots and teasers of the car have given us an idea of its aesthetic appearance. It is built on the company’s Impact 2.0 design. It also gets front doors that can open to 90 degrees, along with a raked honeycomb mesh grille, sleek projector headlamps and 16-inch, 8-spoke alloy wheels.The interiors are equipped with a floating touchscreen infotainment display with phone app connectivity, ambient lighting, climate control, and a semi-digital instrument cluster. Tata is also expected to equip it with dual airbags, ABS with EBD, rear parking sensors with camera, and a high-speed alert along with driver and co-driver seatbelt warning.Close Mechanically, the Altroz is expected to be offered with BSI-compliant petrol and diesel engine options. It should get a 1.2-litre naturally … [Read more...] about Tata to launch Altroz today: How does it fare against rivals?