Rbi Mpc Meet

RBI likely to cut key rate by just 25 bps points; weakening economic growth, subdued inflation warrant larger reduction, opine analysts

The MPC could be reluctant to make a deeper cut in any case, as banks only reduced their lending rates by a token 5-10 basis points after the RBI’s last 25 bps cut in February.

Sensex rises over 150 points above 39,000-level, Nifty above 11,750-mark in early trade; banking, auto stocks gain

Sensex on Tuesday settled at 39,056.65, 184.78 points or 0.48 percent higher, marking its highest-ever closing.

Rupee slips 48 paise to 71.73 against dollar in early trade ahead of RBI policy review meet

Forex traders said strengthening of the US dollar against some currencies overseas weighed on the local unit.

Sensex crashes 550 points to close below 36,000-mark on rupee woes, rising crude concerns; Nifty down 150 points

The BSE benchmark Sensex plunged over 550 points Wednesday to slip below the 36,000-level after the rupee collapsed to a new life-time low amid surging crude oil prices and unabated foreign fund outflows.

State Bank of India raises interest rate on FDs by up to 0.1% ahead of RBI Monetary Policy Committee meet

The increase in interest rate is effective 30 July, according to notification on the bank's website.

RBI advances Monetary Policy Committee meeting by a day to 4 June, increases duration to 3 days

The six-member MPC, headed by the RBI governor, sets the benchmark interest rate.