Mumbai: The Reserve Bank of India (RBI) has cut the repo rate for the third time in 2025. This time, the cut is big -- 50 basis points. Now the repo rate is down to 5.5 per cent. The repo rate is the rate at which RBI lends money to banks. When RBI lowers this rate, banks also reduce the interest on loans. So, home loans, car loans, and personal loans may become cheaper. This is great news for people who want to take a loan. Their loan EMIs will be lower, and they will save money. But this ne...Read More
Katra (Jammu), June 6 (PTI) With the flagging of the Katra-Srinagar Vande Bharat Express by Prime Minister Narendra Modi, Railway Minister Ashwini Vaishnaw on Friday shared eight notable features of the Udhampur-Srinagar-Baramulla Rail Link (USBRL) project. In a post on X, Vaishnaw described the project as a "remarkable feat of engineering," emphasising that it includes "India's longest transportation tunnel, T-50," which is 12.77 km long and located between Khari and Sumber. Additionally, the...Read More
New Delhi, June 6 (SocialNews.XYZ) The jumbo 50 bps rate cut by the Reserve Bank of India (RBI) will directly benefit home loan borrowers, especially existing ones, by reducing their interest burden, experts said on Friday. The decision comes at a pivotal time, as India, now the world's fourth-largest economy, is witnessing strong real estate momentum across metros as well as tier 2 and 3 cities. "Lower lending rates will directly enhance home loan affordability, particularly in interest-sensi...Read More
Jammu: In the days leading up to Eid-ul-Adha, members of the Ahmadiyya Muslim community in Pakistan are being forced to sign legal documents, or affidavits, in which they agree not to perform Eid prayers or sacrifice animals. This is happening in many parts of Punjab and Sindh. According to local reports, if any Ahmadi is found taking part in Eid rituals, even inside their home, they may face police action, arrest, or a fine of up to 5 lakh rupees. In a shocking development, some of Pakistan's...Read More
Mumbai, Jun 6 (PTI) The RBI on Friday cut inflation projections for the current fiscal to 3.7 per cent from the earlier estimate of 4 per cent, as it expects core inflation to remain benign with the easing of international commodity prices. The sub-4 per cent average retail inflation projection is the lowest in recent years. Also Read | Repo Rate Cut: Sensex Welcomes RBI Governor Sanjay Malhotra's Jumbo 50 BPS Rate Cut Announcement, Surges Over 500 Points. The RBI, which cut key policy rate b...Read More
New Delhi [India], June 6 (ANI): Economists across the board have welcomed the Reserve Bank of India's (RBI) latest policy decision, terming the 50 basis points (bps) repo rate cut as a pro-growth move that is expected to significantly boost liquidity and economic activity in the country. On Friday, RBI Governor Sanjay Malhotra announced the decision of the Monetary Policy Committee (MPC), stating that the policy repo rate has been reduced from 6 per cent to 5.5 per cent. Also Read | Citigroup...Read More
Mumbai, June 6: The Indian benchmark indices surged on Friday after the RBI Governor Sanjay Malhotra announced a jumbo 50 bps rate cut -- from 6 per cent to 5.5 per cent -- and a 100 basis point cut in the Cash Reserve Ratio (CRR), from 4 per cent to 3 per cent. The immediate effect of the decision was seen on the Indian stock market. At around 10.46 am, Sensex was trading 505.7 points or 0.62 per cent up at 81,947.74 while the Nifty added 168.40 point or 0.68 per cent at 24,919.30. Nifty Bank ...Read More
Mumbai (Maharashtra) [India], June 6 (ANI): India's foreign exchange reserves (Forex) are sufficient to meet 11 months of the country's imports and about 96 per cent of external debt, said Governor Sanjay Malhotra while announcing the outcome of the Monetary Policy Committee (MPC) decisions on Friday. The RBI governor expressed confidence, stating that India's external sector is resilient and key external sector vulnerability indicators are improving. Also Read | Citigroup Layoffs: Banking Gia...Read More
Mumbai, Jun 6 (PTI) Reserve Bank on Friday decided to cut Cash Reserve Ratio (CRR) by a huge 1 per cent, which will unlock Rs 2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy. With the reduction in four equal tranches ending November 29, 2025, the CRR would come down to 3 per cent. This means that the commercial banks would have to maintain a lower level of 3 per cent in liquid cash form with the RBI allowing them to have higher funds for lending. ...Read More
MUMBAI: In a move that jolted markets and defied expectations, the Reserve Bank of India cut its benchmark policy rate by 50 basis points and announced a Rs 2.5 lakh crore liquidity infusion via a 100 basis point reduction in the cash reserve ratio (CRR). The CRR cut reduces the portion of deposits banks must park with the central bank, effectively freeing up funds to support credit growth.Governor Sanjay Malhotra framed the dual action as a response to shifting macroeconomic conditions, stating...Read More
Raipur (Chhattisgarh) [India], June 6 (ANI): Just a day after security forces neutralised a top naxal leader, Sudhakar (alias Gautam), in Chhattisgarh's Bijapur, Chief Minister Vishnu Deo Sai departed for Delhi to meet Prime Minister Narendra Modi and discuss the successful operations to finish naxalism, the path forward, while also discussing the state's development. CM Sai will be visiting Delhi today and tomorrow (June 7). Also Read | Ahmedabad Horror: Woman Alleges Dowry Harassment by In-L...Read More
Indore (Madhya Pradesh) [India], June 6 (ANI): The family of Raja Raghuvanshi, a newlywed from Madhya Pradesh's Indore whose body was found in a gorge near Cherrapunji in Meghalaya, has written a letter to Prime Minister Narendra Modi requesting a Central Bureau of Investigation (CBI) inquiry into the matter. Raja Raghuvanshi had gone missing along with his wife, Sonam, during their honeymoon in the northeastern state. The couple were last seen on May 23. Later on June 2, Raja's body was found ...Read More
Mumbai, Jun 6 (PTI) Reserve Bank on Friday decided to cut Cash Reserve Ratio (CRR) by a huge 1 per cent, which will unlock ₹2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy. With the reduction in four equal tranches ending November 29, 2025, the CRR would come down to 3 per cent. This means that the commercial banks would have to maintain a lower level of 3 per cent in liquid cash form with the RBI allowing them to have higher funds for lending. "...Read More
Mumbai, Jun 6 (PTI) Reserve Bank on Friday decided to cut Cash Reserve Ratio (CRR) by a huge 1 per cent, which will unlock Rs 2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy. With the reduction in four equal tranches ending November 29, 2025, the CRR would come down to 3 per cent. This means that the commercial banks would have to maintain a lower level of 3 per cent in liquid cash form with the RBI allowing them to have higher funds for lending. ...Read More
Kota, Rajasthan: A relationship manager at ICICI Bank's Kota branch has been arrested for siphoning off more than Rs 4.58 crore from customers' fixed deposits over three years and gambling it away in the stock market. According to reports, the accused, Sakshi Gupta, used her position to discreetly manipulate account details and hide the fraud. Gupta manipulated customer accounts, diverted OTPs According to the investigation, Gupta exploited the 'User FD' feature to withdraw funds from 110 FDs...Read More
Mumbai: The Indian stock market saw a strong rally on Friday following the Reserve Bank of India's announcement of a significant rate cut. RBI Governor Sanjay Malhotra revealed a 50 basis points (bps) reduction in the repo rate -- from 6% to 5.5% -- along with a 100-bps cut in the Cash Reserve Ratio (CRR), bringing it down from 4% to 3%. The immediate impact was visible on the Indian indices. As of 10:46 am: Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Ltd., noted: "...Read More
NEW DELHI: In a move to further ease the liquidity situation, the Reserve Bank of India (RBI) on Thursday announced a 100 basis points reduction in the Cash Reserve Ratio (CRR) in a staggered manner through the remainder of 2025. This cut, from 4% to 3% of net demand and time liabilities (NDTL), is expected to release around ₹2.5 lakh crore of primary liquidity into the banking system by November. Governor Sanjay Malhotra said the CRR reduction is aimed at easing the cost of funds for banks and...Read More
Mumbai: The Reserve Bank of India (RBI), in its latest Monetary Policy Committee (MPC) meeting for FY2025-26, announced a 0.50 per cent cut in the repo rate, bringing it down to 5.5 per cent. Alongside this, key changes in CRR, inflation forecasts, and policy stance were also introduced to boost economic growth. Repo Rate Cut RBI reduced the repo rate by 0.50 per cent, bringing it down from 6.00 per cent to 5.50 per cent. This means loans may become cheaper for borrowers. CRR Cut for Liquidit...Read More
Mumbai, June 6 (SocialNews.XYZ) The Indian benchmark indices surged on Friday after the RBI Governor Sanjay Malhotra announced a jumbo 50 bps rate cut -- from 6 per cent to 5.5 per cent -- and a 100 basis point cut in the Cash Reserve Ratio (CRR), from 4 per cent to 3 per cent. The immediate effect of the decision was seen on the Indian stock market. At around 10.46 am, Sensex was trading 505.7 points or 0.62 per cent up at 81,947.74 while the Nifty added 168.40 point or 0.68 per cent at 24,919...Read More
Stocktwits - The Reserve Bank of India (RBI) has cut repo rates by 50 basis points on Friday, June 6, from 6% to 5.50% - marking its third consecutive rate cut this year. And in a major boost for banks, it has also announced a 100 basis point cut in the Cash Reserve Ratio (CRR), bringing it down from 4% to 3%. This is expected to release ₹2.5 lakh crore of liquidity into the banking system by the end of November 2025. However, the MPC noted that the scope for further policy accommodation is li...Read More
Mumbai, Jun 6 (PTI) Reserve Bank on Friday retained GDP growth projections for the current fiscal at 6.5 per cent, saying the Indian economy presents a picture of strength, stability and opportunity in the backdrop of global uncertainty. The FY26 growth projections are compared with the 6.5 per cent economic growth recorded in the 2024-25 fiscal year. The Reserve Bank of India (RBI) has projected economic growth at 6.5 per cent for the June quarter and 6.7 per cent for the September quarter. F...Read More
NEW DELHI: Amid concerns over the recent moderation in net foreign direct investment (FDI) into India, Reserve Bank of India Governor Sanjay Malhotra on Friday sought to provide clarity, urging stakeholders to consider gross FDI figures instead, which present a more accurate picture of India's investment appeal. "While net FDI is important from a foreign exchange reserves management perspective, when it comes to understanding the investment landscape, gross FDI matters far more," Malhotra said ...Read More
MUMBAI, June 6 (Reuters) - The Reserve Bank of India cut its key repo rate by a larger-than-expected 50 basis points on Friday to focus on supporting economic growth. The Monetary Policy Committee (MPC), which consists of three RBI officials and three external members, cut the repo rate (INREPO=ECI), opens new tab to 5.50%. It also changed the monetary policy stance to neutral from accommodative. The RBI cut the standing deposit facility rate to 5.25% and adjusted the marginal standing facili...Read More
Garden Reach Shipbuilders & Engineers (GRSE), a Kolkata-based defence firm is betting big on expanding its offshore footprint. From signing a pact with Dubai based firm for new offshore projects to inking partnership with global engine manufacturer, the company has a strong pipeline of new orders. As part of its efforts to enter the offshore construction sector, GRSE also signed a Memorandum of Understanding (MoU) with Aries Marine, a Dubai-based engineering and design firm. The MoU aims to id...Read More
MUMBAI, June 6 (Reuters) - India's foreign exchange reserves (INFXR=ECI), opens new tab stood at $691.5 billion as of May 30, the governor of the country's central bank said on Friday, down $1.2 billion from the previous week and coming off near-eight month highs. The country's FX reserves are now about $13.4 billion below their all-time high hit in September 2024. "These (reserves) are sufficient to fund more than 11 months of goods imports and about 96% of external debt outstanding," Reserve...Read More
Katra: An air of enthusiasm was seen in school children of Katra on Friday as they awaited Prime Minister Narendra Modi. The PM is all set to flag off the Vande Bharat Express today on the Udhampur-Srinagar-Baramulla Rail Link (USBRL) from Katra to Srinagar. The 272 km long project is built at Rs 43,780 crore and includes 36 tunnels spanning 119 km and 943 bridges "We have come here to see PM Modi, who is coming here to flag off the first train to Kashmir... We are very excited we will get to...Read More
Bengaluru Stampede: Days after a tragic stampede claimed 11 lives outside Bengaluru's M Chinnaswamy Stadium, police on Friday took key officials from IPL team Royal Challengers Bengaluru (RCB) and event management firm DNA Entertainment Pvt Ltd into custody. The incident, which left more than 50 people injured, took place during a massive fan gathering organised to celebrate RCB's IPL victory on June 4. According to PTI, citing police sources, Nikhil Sosale, Head of Marketing and Revenue at RC...Read More
Mumbai, June 6: RBI Governor Sanjay Malhotra on Friday announced a jumbo 50 basis points cut in the repo rate from 6 per cent to 5.5 per cent to spur growth in the economy, as inflation has come down below the lower RBI band of 4 per cent. The RBI Governor also announced a 100 basis points CRR cut, effective in four equal tranches of 25 basis points starting from September 6, October 4, November 1 and November 29. The step is expected to inject Rs 2.5 lakh crore into the banking system, boosting...Read More
MUMBAI (Reuters) -India's foreign exchange reserves stood at $691.5 billion as of May 30, the governor of the country's central bank said on Friday, down $1.2 billion from the previous week and coming off near-eight month highs. The country's FX reserves are now about $13.4 billion below their all-time high hit in September 2024. "These (reserves) are sufficient to fund more than 11 months of goods imports and about 96% of external debt outstanding," Reserve Bank of India Governor Sanjay Malho...Read More
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. TRON (TRX) has experienced relatively stable price movement over the past week, fluctuating within a narrow range between $0.276 and $0.272. At the time of writing, the token is trading at $0.2729, reflecting a weekly decline of approximately 1.5%. However, zooming out reveals a broader uptrend, with TRX gaining nearly 12% over the past month, indicating growing market interest a...Read More