16 Jan 2015, 08:13 am
"In its fifth bimonthly monetary policy review RBI governor stated that he will not wait even for the policy review meeting if he found all the factors under a comfortable situation, and here today he did what he said, and brought huge cheer to the market with a 25 basis point Repo rate cut. This rate cut comes as the very strong trigger for the market as this was the first Repo rate cut since May 2013 and the first rate cut for the year 2015, which was ahead of the scheduled date of monetary policy announcement on February 3," Gadia said in a statement.
"After a rate cut announcement, Bank Nifty the banking share index, was up 4.2% or 789 points in early trade and touched a record high of 19410.reality stock are zoomed after this announcement on the hope that this action will certainly drag interest rate down and will help out the in reducing the interest burden on outstanding loans," Gadia said.
- Lux Industries & Shyam Steel, Pritam Industries & Jalan Builders get rights for final two franchises in Bengal Pro T20 League
- Sobisco and Gee DeeMining awarded franchise rights in Bengal Pro T20 League
- Inaugural edition of Bengal Pro T20 to start from June 11
- Vattikuti Foundation announces KS International Innovation Awards for Robotic Surgery
- Vattikuti Foundation announces Brady-Vattikuti Robotic Academy hands-on masterclass in Urology
- Rashmi Group and Rice Adamas Group get franchise rights in Bengal Pro T20 League
- Shrachi Group, Servotech bag franchise rights in Bengal Pro T20 League
- Bengal Pro T20 League unveils its official logo
- Le Rythme& AWIPL hosts skill development programme on 'Accounts Executive' in Kolkata
- NEZ International Film Festival focuses on independent cinema in 9th edition, special focus on European filmmakers
Tokyo: Airlines were forced to cancel over 300 flights following the collision between a Japan Coast Guard aircraft and a Japan Airlines passenger plane at Tokyo's Haneda Airport on Tuesday evening even as reports said the plane was cleared to land ahead of the tragedy.
New Delhi/NITN: Regular flyers on Jazeera Airways, Kuwait’s low-cost carrier, can now avail a host of discounts and benefits by enrolling for the new membership club introduced by the airline, recently.
Gurugram: Air India, a global airline in India, has initiated the deployment of its recently acquired Boeing 777 aircraft to serve all three non-stop routes from Mumbai to the United States.