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  Business   Economy  04 Apr 2019

Business, Economy, 04 Apr 2019

Govt close to meeting fiscal deficit target of 3.4 pc: Garg

The government at many occasions had indicated that there might be some shortfall on indirect taxes collection.

04 Apr 2019 7:42 PM

Rupee slumps 76 paise to 69.17 vs USD post RBI policy

"Rupee tumbled after participants perceived RBI policy as less dovish than expected," said V K Sharma of HDFC Securities.

04 Apr 2019 7:25 PM

RBI cuts interest rate by 25 basis points; loan EMIs likely to fall

Home, auto, and personal loan EMIs are likely to go down although banks are yet to fully pass on the previous cut.

04 Apr 2019 5:16 PM

Fitch affirms India's rating at 'BBB-' with stable outlook for 13th year in row

Fitch Ratings said a robust growth outlook continues to support India's credit profile.

04 Apr 2019 4:46 PM

RBI to hold talks with banks on linking home, auto loans with external benchmark

RBI had proposed that interest rates on loans should be linked to external benchmarks like repo rate from April 1.

04 Apr 2019 3:39 PM


RBI tweaks LCR norms to boost liquidity

The decision has been taken with a view to improve the ease of undertaking forex transactions.

04 Apr 2019 3:02 PM

Urban sector holds key for double-digit growth: Fin Comm chief NK Singh

NK Singh said FRBM Committee 2017 has suggested to bring down debt GDP ratio of the country to 60 per cent by 2024-25.

04 Apr 2019 2:44 PM

RBI goes with official data: Shaktikanta Das on data row

Shaktikanta Das told reporters that the RBI goes with the official statistics prepared by the Central Statistics Office.

04 Apr 2019 2:00 PM

RBI lowers GDP growth forecast to 7.2 per cent for 2019-20

Higher financial flows to the commercial sector augur well for economic activity, says RBI.

04 Apr 2019 1:02 PM

Overall credit growth not broadbased, to MSMEs it's muted: Shaktikanta Das

Das said the RBI will continue to watch macroeconomic factors and will act timely on the same.

04 Apr 2019 12:42 PM


RBI cuts inflation forecast to 2.9-3 pc for H1 FY20

In its previous policy outcome in February, the RBI had projected retail inflation between 3.2-3.4 per cent for the first half of 2019-20.

04 Apr 2019 12:38 PM

RBI cuts key rate by 25 bps to 6 pc to boost economic activitiy

The Monetary Policy Committee (MPC) also decided to maintain the neutral monetary policy stance.

04 Apr 2019 11:53 AM

India's services sector output growth at six-month low in March: Survey

Nikkei India Services Business Activity Index fell to 52 in March from 52.5 in Feb, indicating slowest growth since last September.

04 Apr 2019 11:32 AM