Stocks plunge despite RBI rate cut, financials under pressure

Mumbai (Maharashtra) [India], June 6 (ANI): Equity benchmark indices were dragged down by financial stocks in afternoon trade on Thursday even though the Reserve Bank of India (RBI) reduced repo rate by 25 basis points to 5.75 per cent in its second bi-monthly monetary policy meet of fiscal 2019-20.

RBI Cuts Key Lending Rate By 25 Basis Points, Third Consecutive Rate Cut In 2019 The monetary policy committee (MPC) of the Reserve Bank of India (RBI) on Thursday reduced the repo rate by 25 basis points (bps) to 5.75 per cent in the second bi-monthly monetary policy meet of the financial year 2019-20 (FY20), that concluded on Thursday. It was a third straight interest rate cut by the RBI.

The Russian rouble remained volatile on Wednesday despite foreign currency sales by the finance ministry. “A lot of European companies exposed to Russia are under pressure. It’s better to avoid.

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Read more about Stocks plunge despite RBI rate cut, financials under pressure on Business Standard. Equity benchmark indices were dragged down by financial stocks in afternoon trade on Thursday even though the Reserve Bank of India (RBI) reduced repo rate by 25 basis points to 5.75 per cent in its second bi-monthly monetary policy meet of fiscal

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Stock indices. came under intense selling pressure and closed with a loss of 93.10 points at 5414.75. “We are witnessing massive unwinding of portfolio positions by FII funds due to measures.

Markets around the world fell overnight and pressure seemed to spill into the U.S. as investors considered the U.S. trade deal with China and started worrying about details.. a reminder that U.S..

/u/ghostdunks on Theory Question about borrowing to invest The U.S. has what’s called a worldwide corporate tax system. That means we tax the difference between what multinationals pay abroad and would pay here when they bring their overseas earnings back.

 · MUMBAI: A failure on the part of banks, the government and the regulator till 2014 has got us into the current bad loan mess and the resultant low capital buffers, Urjit Patel, the past Reserve Bank Governor, has said, asking all to resist the temptation of going back to the status quo. In his first comments after resigning as RBI governor on December 10 last year amid sharp differences with.

Stocks plunge despite RBI rate cut, financials under pressure sierra leone news – Business News – Stocks plunge despite RBI rate cut, financials under pressure.. U.S. stocks have best one-day gains in 5 months. Sierra Leone News.Net. Stocks in Asia little changed despite lowering of Australian rates. Sierra Leone News.Net.

The drought situation, farm distress and security concerns of Naxal-affected districts will be among the issues to be discussed at the fifth meeting of Niti Aayog’s Governing Council to be chaired by Prime Minister Narendra Modi here on Saturday.