RBI Monetary Policy Committee

Niti Aayog meet: Spoke on Mahadayi, mining, says Goa CM

Corporate tax giveaway to have little impact on fiscal goals: Niti Aayog

8:15 pm September 21, 2019

Mumbai : The Rs 1.45- trillion tax giveaway is unlikely to widen fiscal deficit much as the shortfall will be met through increased tax collections due to higher growth which the massive tax cuts are expected to achieve, Niti Aayog Vice Chairman Rajiv Kumar said here on Saturday. On Friday, the government had announced tax cuts for […]

Rajasthan: Around Rs 4.5 crore cash seized from car

Rupee rallies 40 paise on corporate tax cut

7:31 pm September 20, 2019

Mumbai: The Indian rupee on Friday rose by 40 paise to settle at 70.94 to the US dollar after forex market sentiment was buoyed by the government decision to slash corporate taxes. The news of lowering corporate tax rejoiced the equity market as well, but the bond market did not take the announcement very well. […]

Rupee falls 17 paise against US dollar in early trade

12:14 pm August 29, 2019

Mumbai: The rupee depreciated by 17 paise to 71.95 against the US dollar in early trade on Thursday, tracking weak domestic equity market and persistent foreign fund outflows. Pessimism over US-China trade talks also put pressure on the domestic unit, forex dealers said. However, a weak dollar against other major currencies overseas and softening crude […]

Rupee hits fresh 6-mth low of 71.71; dives 28 paise

6:51 pm August 20, 2019

Mumbai: The Indian rupee on Tuesday furthered its loss by another 28 paise to close at a new six-month low of 71.71 against the US dollar as economic uncertainties continued to weigh. Investors remained risk averse considering a host of factors including fast-spreading economic slowdown, outlook on foreign fund outflows and weakness in most emerging […]

Rupee slips 23 paise to 71.66 vs USD in early trade

11:42 am August 20, 2019

Mumbai: The rupee opened on a weak note and fell 23 paise to 71.66 against the US dollar in early trade on Tuesday amid rising crude oil prices and unabated foreign fund outflows. On Monday, the rupee had tumbled 29 paise to close at an over six-month low of 71.43 against the US dollar amid […]