Stock Markets Open Higher as Sensex and Nifty Gain in Early Trade
Indian equity benchmarks opened higher in early trade on Wednesday, December 24, tracking firm global cues and sustained buying by domestic institutional investors. Positive sentiment across Asian markets and policy support from the Reserve Bank of India also lifted investor confidence at the opening bell. The 30-share BSE Sensex rose 115.8 points to trade at […]
RBI Cuts Repo Rate to 5.25%; Home, Car and Personal Loans Set to Get Cheaper
The Reserve Bank of India (RBI) today reduced the repo rate by 25 basis points, bringing it down from 5.5% to 5.25%. Governor Sanjay Malhotra announced the decision after the conclusion of the Monetary Policy Committee (MPC) meeting, signalling a continued push to support economic growth despite pressure from the weakening rupee. The rate cut […]