By Gopika Gopakumar, Khushi Malhotra and Ashwin Manikandan MUMBAI (Reuters) -India’s central bank on Wednesday allowed banks to fund acquisitions and raised the cap on loans for buying shares at IPOs, as part of a raft of measures to boost bank lending in the world’s fifth-largest economy. The Reserve Bank of India, the country’s central …
India central bank allows banks to fund acquisitions, lend more for IPOs Read More »
By Bharath Rajeswaran (Reuters) -India’s stock benchmarks snapped their longest losing streak in seven months on Wednesday, bolstered by gains in banking stocks after the central bank eased rules for lending to capital markets and large corporates. The Reserve Bank of India, which maintained interest rates for a second straight meeting on Wednesday, said that …
Indian benchmarks snap losing run on cenbank lending boost Read More »
By Jaspreet Kalra MUMBAI, October 1 (Reuters) -The Indian rupee nudged higher on Wednesday in a modest advance that was still enough to notch its best day in two weeks after the Reserve Bank of India kept policy rates unchanged and the dollar slipped broadly as the U.S. government shut down. The rupee closed at …
Rupee logs best day in two weeks as dollar droops, RBI holds rates Read More »
MUMBAI (Reuters) -India’s cabinet has approved spending 842.63 billion rupees ($9.50 billion) towards providing minimum support prices for crops in the next winter season, Information Minister Ashwini Vaishnaw said on Wednesday. ($1 = 88.6675 Indian rupees) (Reporting by Shilpa Jamkhandikar; Editing by YP Rajesh)
By Ishaan Arora (Reuters) -Gold prices rose to hit a new record high on Wednesday, supported by safe-haven demand as the U.S. government shut down most operations, while growing expectations of a Federal Reserve rate cut this month added to the metal’s appeal. Spot gold climbed 0.9% at $3,891.96 per ounce, as of 0844 GMT, …
Gold hits record high on U.S. government shutdown, Fed rate cut bets Read More »
By Abhijith Ganapavaram NEW DELHI (Reuters) -India’s aviation regulator has proposed removing the mandate that airlines can only take planes on lease with crew in emergencies, draft regulations show, in a move that could make it easier for carriers to tide over any aircraft shortages. The proposed rules could help airlines like India’s biggest carrier …
India proposes easing aircraft leasing conditions in potential boost for IndiGo Read More »
MUMBAI (Reuters) -India’s central bank on Wednesday proposed steps to boost the Indian rupee’s , global use, including allowing local banks to lend in rupees to businesses in neighboring countries and setting official reference exchange rates for major trading partner’s currencies. Reserve Bank of India Governor Sanjay Malhotra announced the measures alongside the central bank’s …
India’s central bank proposes to boost international usage of rupee Read More »
By Swati Bhat and Abinaya V MUMBAI (Reuters) -The Reserve Bank of India (RBI) kept its policy rate unchanged on Wednesday, signalling room to lower rates in December as it assesses the impact of domestic tax cuts and punitive U.S. tariffs on the South Asian economy. The central bank said low inflation had “opened up …
India central bank holds rates, leaves room for December cut Read More »
(Reuters) -The Reserve Bank of India (RBI) kept its key repo rate unchanged at 5.50% on Wednesday, in line with market expectations, as it evaluates the impact of earlier rate cuts and recent tax reductions amid global trade uncertainties. The central bank had cut the repo rate by a total of 100 basis points in …
Instant View: India central bank keeps repo rate steady as widely expected Read More »
By Anant Chandak BENGALURU (Reuters) -India’s manufacturing sector expansion lost some momentum last month, slipping to its weakest pace in four months but remaining strong, while factory gate prices surged at the fastest rate in nearly 12 years to combat mounting input costs, a survey showed on Wednesday. That suggests the United States’ punitive 50% …
