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The RBI cut its policy repo rate against which the lending rates of banks are benchmarked by 115 bps over the period to 4 per cent. The central bank has been signaling lower rates along with an easy monetary policy to revive the economy and demand as the economy contracted for two consecutive quarters since the lockdown.
Falling short-term rates threat to stability: MPC membersThe MPC left key interest rates unchanged this month amid persistently high inflation but said it would ensure ample liquidity to stressed sectors to keep India's nascent economic recovery on track.
from Stocks-Markets-Econo… Read MoreBuy or Sell: Stock ideas by experts for December 18, 2020
from Stocks-Markets-Economic Times https://ift.tt/3akZOY3
… Read MoreAsian stocks defy broader global rally, Brexit worries emergeAs the year draws to a close, markets have been swinging between broader optimism about COVID-19 vaccines and a global economic recovery and concerns about still rising infections.
from Stocks-Markets-Economic Times https://… Read MoreMusk adds $9 billion to fortune as Tesla set to join S&P 500A late jump in Tesla’s share price pushed Musk’s net worth up almost $9 billion to $167.3 billion, according to the Bloomberg Billionaires Index.
from Stocks-Markets-Economic Times https://ift.tt/3r6QPzL
… Read MoreBank credit grows by 5.73%, deposits by 11.34%In the previous fortnight ended November 20, credit grew by 5.82 per cent to Rs 104.34 lakh crore and deposits by 10.89 per cent to Rs to Rs 143.70 lakh crore.
from Stocks-Markets-Economic Times https://ift.tt/2J3IBal
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