Bank shares fall up to 3.5% as RBI keeps rates unchanged; IDFC, IndusInd, ICICI Bank major losers – The Financial Express

As Reserve Bank of India (RBI), in its 5th bi-monthly monetary policy review, kept the key rates unchanged, the shares of banks plunged up to 3.5 percent. The BSE Sensex plunged 249.90 points, or 0.69 percent, to close at 35,884.41.As Reserve Bank of India (RBI), in its 5th bi-monthly monetary policy review, kept the key rates unchanged, the shares of banks plunged up to 3.5 percent. The stock price of IDFC bank fell 3.46 percent, IndusInd bank 2 percent, ICICI bank 1.93 percent on the BSE today...
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Petrol, diesel prices today: Fuel prices slashed in range of 15-18 paise; petrol selling for Rs 70.46 in Delhi – The Financial Express

Petrol, diesel prices today: After keeping petrol and diesel prices unchanged for three consecutive days, the oil marketing companies (OMCs) on Friday slashed fuel prices in the range of 15-18 paise across 4 major cities. Petrol, diesel prices today: After keeping petrol and diesel prices unchanged for three consecutive days, the oil marketing companies (OMCs) on Friday slashed fuel prices in the range of 15-18 paise across 4 major cities. (Reuters)Petrol, diesel prices today: After keeping petr...
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Government sells 2.21 per cent stake in CIL to CPSE ETF – The Financial Express

The government has sold 2.21 per cent stake in state-owned CIL to the CPSE ETF which is managed by Reliance Nippon Life Asset Management Ltd, according to a regulatory filing. Post-acquisition holding of promoter is 72.92 per cent of equity share capital of the company, the filing said.The government has sold 2.21 per cent stake in state-owned CIL to the CPSE ETF which is managed by Reliance Nippon Life Asset Management Ltd, according to a regulatory filing. The President of India, acting throug...
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Govt bonds surge as RBI signals more debt purchases – The Financial Express

Volumes in India’s government bonds surged to the highest in more than a year, reflecting a revival of bullish spirits in a market emerging from a yearlong selloff, after the central bank signaled it may keep buying debt for four more months. The benchmark yield slid to a new eight-month low of 7.41 percent at 11:30 a.m. in Mumbai. (PTI)Volumes in India’s government bonds surged to the highest in more than a year, reflecting a revival of bullish spirits in a market emerging from a yearlong sello...
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Investor concerns: Bank Nifty falls for 5 days in row – The Financial Express

The proposed mechanism will not account for banks cost of funds and may, therefore, lead to lower margins.The Bank Nifty on Thursday ended 1.21% lower than its previous close as fears of banks facing a margin squeeze persisted a day after the RBI announced they will have to move to a pricing model linked to an external benchmark for new retail and MSME loans from next fiscal.The Bank Nifty on Thursday ended 1.21% lower than its previous close as fears of banks facing a margin squeeze persisted a...
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Forex reserves rise by $932.8 million to $393.72 billion – The Financial Express

The countrys foreign exchange reserves increased by USD 932.8 million to USD 393.718 billion in the week to November 30, mainly due to a rise in foreign currency assets.In the previous week, the reserves had dropped by USD 795 million to USD 392.785 billion. (Reuters)The countrys foreign exchange reserves increased by USD 932.8 million to USD 393.718 billion in the week to November 30, mainly due to a rise in foreign currency assets, according to RBI data. In the previous week, the reserves had ...
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OPEC, allies agree to reduce crude production by 1.2 million barrels per day – The Financial Express

The Organization of the Petroleum Exporting Countries (OPEC) and allied producers agreed to lower their production of crude oil by 1.2 million barrels per day for a six-month period.OPEC, allies agree to reduce crude production by 1.2 million barrels per dayThe Organization of the Petroleum Exporting Countries (OPEC) and allied producers agreed to lower their production of crude oil by 1.2 million barrels per day for a six-month period.The measure, which was spearheaded by Russia, will come into...
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