The consumer confidence index (based on the current situation) recorded its third successive all-time low of 49.9 in September as compared to 53.8 in July and 63.7 in May, shows RBI survey

The RBI's decision broadly mirrors the stance adopted by a number of central banks in advanced economies (AE), while it diverges considerably from those of emerging market economies (EMEs) that continued to cut rates through Q2 and Q3 of 2020

The economists at SBI believe that India's GDP will remain in negative territory in all the four quarters of FY21 and any positive growth will be seen only in FY22

For the second time in a row, RBI maintained status quo in the face of high inflation, and left the repo rate unchanged but maintained an accommodative stance

Future Lifestyle Fashions share opened with a loss of 3.13% at Rs 82-also its intra day low-against previous close of Rs 84.65

The RBI has kept the retail inflation target of 4 per cent with a bias of plus/minus 2 per cent

The rupee opened at 73.21 per dollar at the interbank forex market, and gained further ground to touch 73.09, rising 15 paise from its previous close of 73.24 per US dollar

While high inflation was a major stumbling block for the monetary policy committee (MPC) to reduce the repo rate, the Governor expects retail inflation or CPI to come closer to the targeted level by the fourth quarter

MPC meet: RBI also decided to continue with the accommodative stance of monetary policy as long as necessary -- at least during the current financial year and into the next year, said Governor Das

India will be among a select few countries to have this facility. For this, payment system operators to be licenced on a perpetual basis, says RBI Governor Shaktikanta Das 

BSE bankex rose 300 points after the RBI announced  its monetary policy at 10:00 am

MPC meet: Governor Das said that India is likely to witness a three-speed recovery with individual sectors showing varying paces depending on sector-specific realities

Parekh, the non-executive chairman of mortgage lender HDFC, said residential housing sales for this quarter have gone up by 34 percent as people are buying ready-to-move-in apartments

MPC Meet Live Updates: Shaktikanta Das says the monetary policy committee has voted unanimously to keep repo rate unchanged; India will see a \"3-speed recovery\", though it will vary from sectors-to-sectors, says the RBI Governor

MPC meet today: Experts believe the policy rates are likely to remain unchanged, primarily due to high inflation levels for over five months now; RBI's panel to also give guidance on India's economic performance amid the coronavirus pandemic in India

Stock Market News Updates Today:Tata Steel, followed by Bharti Airtel, L&T, M&M, Bajaj Finance and HDFC were among the top gainers today. On the other hand, HUL, Reliance Industries, TCS, Nestle India and Tech Mahindra were among the top laggards

Most Asian equities closed higher today, tracking an overnight surge on Wall Street. US stocks rose sharply yesterday after US President Donald Trump tweeted support for aid to airlines and other stimulus measures

The rupee was trading in a narrow range today at the interbank forex market. The local unit later gained some ground and touched 73.28, up 5 paise from its previous close of 73.33 per dollar

India Stock Market Highlights Today:  HCL Tech, TCS, Infosys and Tech Mahindra were among the top gainers on both BSE and NSE today. On the other hand, Bajaj Auto, GAIL, ONGC, Indian Oil and Asian Paints were among the top losers today

The domestic unit opened at 73.53, then lost ground to touch 73.55 against the US dollar, falling 9 paise over its previous close of 73.46 on Tuesday