The Reserve Bank of India is likely to announce another rate hike on Thursday, following the bi-monthly review of its monetary policy. RBI Governor Shaktikanta Das is set to address the press at noon tomorrow, with the Monetary Policy Committee having met on April 3 and April 5, with one more day of deliberation set … Read more
India’s foreign exchange reserves rose to a record $633 billion in the week ended August 27 after the International Monetary Fund (IMF) made an allocation of 12.57 billion special drawing rights (SDRs), equivalent to $17.86 billion, to the country on August 23. The fresh SDR allocation to the Reserve (RBI) follows the recent G-20 decision … Read more
New Delhi: Shares of Tata Motors traded flat in Friday’s morning trade ahead of the company’s financial result for the quarter ended June 30 later in the day. The scrip was up 0.10 per cent at Rs 103.75, while the benchmark BSE Sensex was down 0.11 per cent at 37,696 at around the same time. … Read more