MUMBAI: In a follow-up move to SEBI, the Reserve Bank of India on Monday cut the cash reserve ratio by 50 basis points to 8.5 per cent,effective Oct 11.
Mumbai, Oct 6 (PTI) The Reserve Bank today slashed by 0.50 per cent the rate of mandatory deposits that banks need to keep with it to ease the tight liquidity position, a move that may induce banks to lower commercial lending rates.
MUMBAI: Vadodara-based 20 Microns, manufacturer of white minerals, on Monday got listed at Rs 50 on the Bombay Stock Exchange, at a discount of 9.09 per cent over its issue price.
MUMBAI: Moving to ease pressure on interest rates, the Reserve Bank of India has cut by half-a-per cent the rate of mandatory deposits that commercial banks need to park with it and joined central banks worldwide that are injecting liquidity into their system.
New Delhi - India's benchmark Sensex stock index plunged by more than 5 per cent in trading after mid-session on Monday on weak Asian markets and a declining rupee.
Moving to ease pressure on interest rates, the Reserve Bank of India has cut by half-a-per cent the rate of mandatory deposits that commercial banks need to park with it.
Thai shares dropped 12.38 points or 2.10 per cent when the market was open for trading Monday morning. The composite index of the Stock Exchange of Thailand dropped to 577.67 at 10:10 am with a trading value of Bt1.389 billion.
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