After the meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India, the RBI Governor announced the monetary policy. In this, the repo rate did what was expected i.e. there was no change in the repo rate. However, in his address today, RBI Governor Shaktikanta Das has …
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RBI took a big decision, now your cheque will be cleared by the bank soon
The main goal is to improve the customer experience The decision is aimed at increasing the efficiency of check clearance and reducing settlement risk for participants. The governor further said that the main objective of this decision is to improve customer experience. Das elaborated that it is proposed to change …
Read More »Want to buy gold but don't have money, don't worry; this way you can buy it for Rs 100-100
Digital Gold Investment: Gold has been a popular metal for centuries in India, which is the second largest consumer of gold jewellery in the world. Indians have about 21000 tonnes of gold. Want to buy gold in the festivals starting from Shravan month but do not have money. So don't …
Read More »RBI will keep the repo rate unchanged today due to high food prices
Mumbai: The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) will keep interest rates unchanged tomorrow at the end of its three-day meeting and will also hint at a cut in the repo rate in the October meeting. The state of the global economy at the time of the …
Read More »Steel prices fell to the lowest level in more than three years in July
Mumbai: Steel prices in the country fell to their lowest level in more than three years in July. According to a report by a research firm, steel prices fell as a result of higher imports and weak exports. Prices of hot rolled coils (HRC) used in the manufacturing sector fell …
Read More »Electric vehicle sales increased by 55 percent in July
Mumbai: Total electric vehicle sales in July grew 55.20 per cent year-on-year to 1,79,038 units, led by a surge in sales of electric two-wheelers. According to the Federation of Automobile Dealers Association (FADA), e-two-wheeler sales grew by a massive 96 per cent. The number of electric vehicle sales in July …
Read More »China's export growth slows in July, raising concerns about a slowing manufacturing sector
Mumbai: China's export growth fell to a three-month low in July, raising concerns about its manufacturing sector. Export growth has slowed, while China's imports have increased. China's exports grew by 7 percent in July, which is much lower than the expectation of 9.70 percent growth. The export growth figure in …
Read More »Silver declined
Mumbai: Gold prices in the Mumbai jewellery market today declined after rising. While silver remained volatile. However, there were signs in the global market that the price of gold again rose and it went above $ 2400 an ounce. Meanwhile, new demand remained sluggish at home. Jewelers kept an eye …
Read More »Sensex jumped 875 points to reach 79468
Mumbai: The slowdown in global markets has cooled down and the US, Europe, Asia markets continued to rise for the second consecutive day. Nifty again touched the level of 24000 today due to continuous buying by domestic institutional investors, mutual funds against the continuous selling by foreign portfolio investors. When …
Read More »Gold and silver prices fall for the third consecutive day, know the new price
Today, on Thursday, the price of gold fell. In most cities, the price of gold has come down by Rs 500. In the capital Delhi, the price of 10 grams of 24 carat gold has gone up to Rs 69,410. In Mumbai and Kolkata, the price of 24 carat gold …
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