Sensex, Nifty turn cautious on mixed global cues; investors on edge ahead of RBI board meeting today
Breaking its three-day winning streak, the Sensex turned choppy and was trading 25.93 points, or 0.07 percent, lower at 35,903.71.
RBI Board meet: Round one goes to govt; after the ugly public spat, Governor Urjit Patel has been shown his place
RBI board meet outcome is a clear victory for govt; RBI has been shown its place
The board of the RBI advised it to act to support small businesses and give banks more time to step up capital norms
The RBI board meeting which went on for a dramatic nine-hour session has reached a mature solution which is acceptable to all concerned parties
RBI Board meet underway: Rahul Gandhi says Urjit Patel and team should show Narendra Modi 'his place'
Earlier, senior Congress leader and former finance minister P Chidambaram tweeted that the government is determined to ‘capture’ RBI in order to gain control over its Rs 9 lakh crore reserves.
Sensex rises over 150 points, Nifty crosses 10,700-mark in opening trade ahead of RBI board meet today
Sensex was trading 190.81 points or 0.54 percent, higher at 35,647.61 points.
Rupee sheds 9 paise against dollar in early trade ahead of RBI board meet today; rising crude prices weighs on currency
Weakness in the US dollar against some currencies in global market and a higher opening of the domestic equity markets limited the rupee fall ahead of Reserve Bank of India's board meet,
RBI Board meet: Govt wants to capture central bank to gain control of its Rs 9 lakh cr reserves, says P Chidambaram
In a series of tweets, the former finance minister also claimed that the government and the Reserve Bank of India (RBI) was heading towards a “confrontation” in the Monday's board meeting of the bank.
Now stacked with government nominees who can be counted on to support the administration, the Reserve Bank of India board is being transformed from having a passive advisory role into a body that can exert pressure for policy change
The RBI board is also expected to discuss issues related to making relaxations to its Prompt Corrective Action (PCA) framework to clean up the balance sheet of banks burdened with NPAs.