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June 10, 2024 9:21 PM
Equity mutual funds experienced a remarkable surge in inflows, reaching a record high of 34,697 crore rupees in May. This surge marks an 83.42 percent increase from the previous month, setting a new milestone, according to data from the Association of Mutual Funds of India on Monday. Inflows into op...
June 10, 2024 8:20 PM
Indian stock market - the Sensex and the Nifty, snapped their three-day winning run. After opening higher, both the Sensex and the Nifty 50 hit their fresh record highs in intraday trade but eventually ended lower on profit booking, tracking weak global cues. The 30-share BSE Sensex opene...
June 10, 2024 11:05 AM
Indian equity indices hit their all-time high levels in today's early trade, with the Sensex surpassing the 77,000-mark for the first time ever. The benchmark indices have gained for the fourth consecutive session, driven by optimism in the markets attributed to several factors. These include the Re...
June 9, 2024 11:10 AM
The Survey on Household Consumption Expenditure by the Ministry of Statistics and Programme Implementation has found that Rural India’s average monthly capital expenditure stood 71 percent lower than Urban India in the period from August 2022 to July 2023. The survey said that rural India on ...
June 8, 2024 5:16 PM
Indian market wiped-out previous week's losses and gained more than 3 percent amid extreme volatility led by BJP-led NDA did not receiving a clear mandate as expected in exit polls. However, the market rebounded strongly, and went to all-time high after RBI raised the growth forecast for FY25. ...
June 7, 2024 9:26 PM
The Reserve Bank has constituted a committee under the Chairmanship of former MD and CEO of National Payments Corporation of India, Mr. A P Hota to examine various aspects of setting up a digital public infrastructure for Digital Payments Intelligence Platform. According to an official statement, RB...
June 7, 2024 9:27 PM
India's foreign exchange reserves have surged by 4.83 billion dollars to touch a new lifetime high of 651.5 billion dollars in the week ended 31st May. Addressing a post policy press conference in Mumbai today, RBI Governor Shaktikanta Das said the country's external sector remains resilient. Point...
June 7, 2024 7:15 PM
Indian benchmark indices closed higher for the 3rd straight session, with Sensex touching a fresh all-time high on Friday, following the RBI's decision to keep the benchmark repo rates unchanged. The 30-stock BSE Sensex, which had opened lower at 75,032 climbed in the afternoon session to touch...
June 7, 2024 4:50 PM
The Reserve Bank has proposed to bring an auto-replenishment facility for UPI Lite wallet. As per an official statement, RBI plans to bring UPI Lite within the e-mandate framework. Accordingly, if the balance in the UPI wallet goes below a threshold amount set by the customer, the fund will move fro...
June 7, 2024 2:20 PM
Indian benchmark indices climbed after opening lower today, following the RBI's decision to hold the benchmark interest rates unchanged. This marks the eighth consecutive time the RBI has maintained a steady repo rate, which has remained at 6.5 percent throughout Financial Year 2024. Sensex...
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