Tag: RBI
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RBI slashes key rate by 40 bps to an all-time low, Predicts GDP shrinkage
On Friday, the Reserve Bank of India (RBI) announced cut in key interest rates by 40 basis points, to a new all-time low. This decision came unexpectedly as RBI is citing negative GDP growth in the current fiscal period. This is a double blow to the economy as the effect on low production and demand ... -
Indian Manufacturing rates dip in Lock Down first time in a decade
Indian manufacturing industry has been hit severely after the corona virus lockdown hit. According to data compiled by IHS Markit recently, the India Manufacturing Purchasing Managers’ Index (PMI) recorded a fall to 27.4 in April from 51.8 in March 2020, keeping in mind seasonally adjustments. It is worth noting that a reading of less than ... -
Black Friday, again: Here are three key reasons why market crashed today
Banking stocks took a beating on Friday following developments around YES Bank. The private lender’s board was superseded by the Reserve Bank of India (RBI). Mirroring global peers, the Indian stock market, too, crashed on Friday as a double whammy of Coronavirus jitters and a sharp sell-off in banking space owing to developments around State ...