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India's forex reserves fall to $469.91 bln as of March 20 - central bank

Friday,   27-Mar-2020   05:43 (IST)

India's foreign exchange reserves fell to $469.91 billion as of March 20, from $481.89 billion a week earlier, the Reserve Bank of India said on Friday. Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of other currencies held in its reserves. Foreign exchange reserves include India's Reserve Tranche position in the International Monetary Fund....

Rate cut fails to hold up markets; Sensex dips 1,310 pts from day's high

Friday,   27-Mar-2020   04:34 (IST)

Equity market ended Friday's highly volatile session on a subdued note even as the Reserve Bank of India (RBI), in an emergency move, slashed the repo rate by a huge 75 basis points (bps) to arres...

Moody's cuts India 2020 GDP forecast to 2.5%; global growth to dip to -0.5%

Friday,   27-Mar-2020   10:57 (IST)

Moody’s Investor Service (Moody’s) has slashed its economic growth forecast for India to 2.5 per cent for calendar year 2020 (CY20) even as it expects the growth to bounce back to 5.8 per ...

RBI cuts Repo rate by 75 bps to 4.4%

Friday,   27-Mar-2020   10:48 (IST)

Reserve Bank of India (RBI) governor Shaktikanta Das March 27 announced a massive 75 basis points cut in repo rates as a measure to counter the economic slowdown caused by the COVID-19 pandemic. The r...

Sensex reclaims 31k, Nifty past 9k ahead of RBI press meet

Friday,   27-Mar-2020   09:51 (IST)

Indian equity markets surged, lifted by bank stocks, on Friday ahead of the 10 AM press conference by RBI Governor Shaktikanta Das. Most analysts expect the Reserve Bank of India (RBI) to cut interest...

Sensex extends recovery, surges 1,411 pts; Nifty ends at 8,641

Thursday,   26-Mar-2020   04:09 (IST)

Stock market rallied for the third consecutive day on Thursday as the constant efforts by the government to tackle the economic fallout and business disruption due to Covid-19 lockdown kept the market...

Sensex up 700 pts, Nifty tops 8,500

Thursday,   26-Mar-2020   09:54 (IST)

The Indian equity markets were trading higher, lifted by banks and IT stocks, on Thursday ahead of the monthly derivative contracts expiry. Investors were encouraged by reports that the US Senate has ...

Nifty ends above 7,800, Sensex up 692 pts as FM announces relief measures for corporates

Tuesday,   24-Mar-2020   03:54 (IST)

After a Monday mayhem the benchmark indices ended in the green but off day's high amid some measures announced by the Finance Minister. The Sensex was up 692.79 points or 2.67% at 26674.03, while ...

India Eases Tax Compliance Norms Amid Coronavirus Woes - Finance Minister

Tuesday,   24-Mar-2020   03:27 (IST)

India’s federal government today eased a number of tax compliance norms and relaxed late payment charges in a bid to extend relief to citizens amid the spread of deadly coronavirus that has disr...

Indices off highs ; Sensex up 300 points, Nifty around 7,700

Tuesday,   24-Mar-2020   09:57 (IST)

The Indian equity markets quickly climbed off the opening highs on Tuesday. Among frontline indices, the S&P BSE Sensex was up 400 points or 1.7 per cent, at 26,430 levels after surging as much as...