The government now forecasts that the economy would achieve real growth of around 8 percent in the 2015/16 fiscal year. The pace of growth slowed by more than expected to 7 percent in the quarter to June.
Posts tagged MC
Arun Jaitley says will reassess GDP forecast for 2015/16 (29-09-2015)
Global mkts stifling Nifty; transmission key now: Experts (29-09-2015)
The RBI today cut the repo rate, or the rate at which the central bank lends to banks, by a surprising 50 basis points (bps). Most corporates and economists hailed the move terming it a pre-festive bonanza.
RBI move lifts Sensex 200, Nifty eyes 7900; rupee at 66/$ (29-09-2015)
The rupee recovered sharply from day’s low while bond yields declined nearly 2 percent after the Reserve Bank of India surprised with repo rate cut. The currency rebounded to 66.03 a dollar in afternoon trade compared to opening value of 66.35 a dollar.
China’s slower growth hurts global shipping sector: Fitch (29-09-2015)
China is a key player in global trade, accounting for two-thirds of world iron ore imports, 20 percent of coal imports and 16 percent of oil imports.
Andhra Bank cuts base rate by 25 bps to 9.75% (29-09-2015)
Base rate is the minimum rate below which a bank can’t lend to consumers.
Key takeaways from the RBI monetary policy (29-09-2015)
Tentative economic recovery is underway, but is still far from robust, due to sustained decline in exports, rainfall deficiency and weaker than expected momentum in industrial production and investment activity, the RBI said in its statement
Key takeaways from the RBI monetary policy (29-09-2015)
Tentative economic recovery is underway, but is still far from robust, due to sustained decline in exports, rainfall deficiency and weaker than expected momentum in industrial production and investment activity, the RBI said in its statement
See further risk aversion from global equities: Julius Baer (29-09-2015)
In an interview to CNBC-TV18, Mark Matthews of Bank Julius Baer Co shares his views on the global equity markets and the US Federal Reserve’s decision to defer a rate hike.
See further risk aversion from global equities: Julius Baer (29-09-2015)
In an interview to CNBC-TV18, Mark Matthews of Bank Julius Baer Co shares his views on the global equity markets and the US Federal Reserve’s decision to defer a rate hike.
Sensex, Nifty recover; RBI cuts repo rate by 50 bps (29-09-2015)
The market recovered sharply with the Nifty hitting 7800-mark after the Reserve Bank of India surprisingly cut repo rate by 50 basis points.