Draft directions on security of digital payment channels will be issued soon for public comments, he said

NSO field staff had to supplement price data with their personal purchases from neighbourhood outlets as they could not visit specified markets due to travel restrictions

Bank of India has also cut benchmark marginal cost of funds based lending rate (MCLR) by 25 bps across tenors from one year to one month, and by 15 bps for overnight tenor. The one-year MCLR is now 7.95 per cent per annum

RBI MPC meet: The central bank kept the repo rate, the rate at which the central bank lends money to commercial banks, unchanged at 5.15 per cent, for the second consecutive time this fiscal

Share Market Update: BSE 30-share S&P Sensex ended 144 points higher at 41,313 and NSE 50-share index Nifty50 closed 44 points higher at 12,133.

Share Market Update: BSE 30-share S&P Sensex ended 334 points higher at 41,123 and NSE 50-share index Nifty50 climbed 110 points higher at 12,090.

The slowdown in manufacturing activity was reflected in the decline in capacity utilisation to 68.9 per cent in Q2FY20 from 73.6 per cent in Q1, says RBI in its fifth bi-monthly monetary policy statement

There will be four things to watch out for in the RBI's monetary policy statement today -- GDP forecast, fiscal deficit, inflation outlook and repo rate

The rating action comes days after India's GDP growth hit a six-and-half-year low of 4.5 per cent in the second quarter of the current fiscal

India's growth, which decelerated to a five-year low of 5.8 per cent in the March quarter, is expected to slip further. The MPC has now lowered its growth forecast to 6.9 per cent from 7 per cent in the June policy

The lender has also reduced the interest rate on a cash credit account (CC) and overdraft (OD) customers with limits above Rs 1 lakh after the RBI reduced the repo rate by 25 basis points Thursday

The second bi-monthly Monetary Policy Statement of the current fiscal projects the GDP growth rate at 6.4-6.7 per cent till September but expects it to pick up pace to as much as 7.5 per cent in the second half of the fiscal

The buzz is that the repo rate will be slashed for the third time in a row and a change in policy stance may also be on the cards

Share Market Update: All the sectoral indices closed on the red, with major declines seen in PSU Bank, which was down by almost 5.20 % and PVT bank down at 2%, followed by other major indices like Pharma, Realty, Media and Metal, each declining over 1%.