Dec 5 (Reuters) – The Reserve Bank of India (RBI) cut its key repo rate by 25 basis points on Friday and took steps to boost banking-sector liquidity by up to $16 billion to support a “goldilocks economy”. The six-member monetary policy committee voted unanimously to lower the repo rate to 5.25%, in line with …
India central bank cuts key rate, boosts liquidity Read More »
By Jaspreet Kalra MUMBAI, Dec 5 (Reuters) – The Indian rupee gave up early gains on Friday after the central bank cut the interest rate by 25 basis points, in line with a consensus view that had albeit softened due to a stronger-than-expected economic growth and the currency’s recent slide. The rupee fell to 89.92 …
Indian rupee retreats after central bank cuts rates Read More »
MUMBAI, Dec 5 (Reuters) – The Reserve Bank of India (RBI) cut its key repo rate by 25 basis points on Friday, in line with a consensus view, as record low retail inflation and a benign outlook for prices provided ample room to further support economic growth. The Monetary Policy Committee (MPC), comprising three RBI …
By Neha Arora and Mayank Bhardwaj NEW DELHI, Dec 5 (Reuters) – Indian conglomerate Adani and miner Hindalco Industries are exploring investments in Peru’s copper sector, either through joint ventures or by taking stakes in existing mines, a senior Peruvian diplomat told Reuters. Peru, the world’s third-largest producer of copper used in sectors such as …
India’s Adani, Hindalco seek Peru copper assets as demand surges Read More »
By Manoj Kumar, Shivam Patel and Sarita Chaganti Singh NEW DELHI, Dec 4 (Reuters) – Russian lenders Gazprombank and Alfa Bank have sought clearance to begin operating in India, four people familiar with the matter said, as Moscow pushes to grow trade with its top seaborne oil customer. U.S. President Donald Trump has piled pressure …
By Anmol Choubey Dec 4 (Reuters) – Gold prices were largely unchanged on Thursday, as rising U.S. Treasury yields offset support from a weaker dollar, while markets awaited Friday’s U.S. inflation data for clues on the Federal Reserve’s policy outlook ahead of its December meeting. Spot gold was up 0.1% at $4,210.49 per ounce by …
Gold steady as rising yields offset dollar weakness; PCE data in focus Read More »
By YP Rajesh, Manoj Kumar and Gleb Bryanski NEW DELHI, Dec 4 (Reuters) – Russian President Vladimir Putin challenged heavy U.S. pressure on India not to buy Russian fuel if the U.S. could do so as he began a two-day state visit, where he was embraced on arrival by Indian Prime Minister Narendra Modi. Putin …
Putin questions US punishing India for buying Russian oil Read More »
By Abhijith Ganapavaram, Dhwani Pandya and Chandini Monnappa BENGALURU, Dec 4 (Reuters) – IndiGo has told India’s aviation regulator its operations will be fully restored by February 10, and has asked for relief from some provisions that limit pilot duty hours at night after the airline cancelled hundreds of flights this week due to a …
Dec 4 (Reuters) – India’s market regulator on Thursday proposed changes to how limits on equity index option positions are set, moving away from using the total contract value to a method that better reflects the actual risk of the positions. The Securities and Exchange Board of India (SEBI) said moving to delta-based limits for …
India markets regulator proposes changes to position limits in equity options Read More »
By Abhijith Ganapavaram, Dhwani Pandya and Chandini Monnappa BENGALURU, Dec 4 (Reuters) – IndiGo has told India’s aviation regulator that its operations will be fully restored by February 10, and has asked for relief from some provisions that limit pilot duty hours at night after the airline cancelled hundreds of flights this week due to …
