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Market crash: Investors become poorer by ₹13 lakh crore; Sensex tanks 2.27% in two days

In just two days, equity investors faced a staggering loss of ₹13 lakh crore in market valuation as the BSE benchmark Sensex saw a sharp 2.27% drop. The benchmark index shed 1,805.2 points, with a 984.23-point decline on Wednesday, November 13, 2024, ending at 77,690.95. Experts cited soaring retail inflation, which hit a 14-month high of 6.21% in October, persistent foreign fund outflows, and muted corporate earnings as the primary reasons behind the significant market correction

Finance & Economics

13 Nov 2024 21:46 PM 1.51k views

Market crash: Investors become poorer by ₹13 lakh crore; Sensex tanks 2.27% in two days

In just two days, equity investors faced a staggering loss of ₹13 lakh crore in market valuation as the BSE benchmark Sensex saw a sharp 2.27% drop. The benchmark index shed 1,805.2 points, with a 984.23-point decline on Wednesday, November 13, 2024, ending at 77,690.95. Experts cited soaring retail inflation, which hit a 14-month high of 6.21% in October, persistent foreign fund outflows, and muted corporate earnings as the primary reasons behind the significant market correction

Finance & Economics

Indian Rupee Holds Steady at 84.39 Against US Dollar, Supported by RBI Efforts

The Indian rupee opened at 84.39 against the US dollar on Wednesday, remaining near its all-time low of 84.4162. The Reserve Bank of India (RBI) is continuing its efforts to stabilize the currency, with analysts Amit Pabari and Anil Kumar Bhansali suggesting that the ce

Business

13 Nov 2024 04:12 AM 835 views

Indian Rupee Holds Steady at 84.39 Against US Dollar, Supported by RBI Efforts

The Indian rupee opened at 84.39 against the US dollar on Wednesday, remaining near its all-time low of 84.4162. The Reserve Bank of India (RBI) is continuing its efforts to stabilize the currency, with analysts Amit Pabari and Anil Kumar Bhansali suggesting that the ce

Business

RBI's Gold Reserves Increase to 854.73 Metric Tonnes Amid Economic Uncertainties

The Reserve Bank of India (RBI) has reported an increase in its gold reserves, which now stand at 854.73 metric tonnes as of September 2024, up from 822.10 metric tonnes in March 2024. According to the half-yearly report on the management of foreign exchange reserves released on Tuesday, this increase indicates a strategic shift by the central bank amid rising geopolitical tensions, persistent inflation, and a stable interest rate environment. Out of the total gold reserves, 510.46

Finance & Economics

30 Oct 2024 10:15 AM 1.09k views

RBI's Gold Reserves Increase to 854.73 Metric Tonnes Amid Economic Uncertainties

The Reserve Bank of India (RBI) has reported an increase in its gold reserves, which now stand at 854.73 metric tonnes as of September 2024, up from 822.10 metric tonnes in March 2024. According to the half-yearly report on the management of foreign exchange reserves released on Tuesday, this increase indicates a strategic shift by the central bank amid rising geopolitical tensions, persistent inflation, and a stable interest rate environment. Out of the total gold reserves, 510.46

Finance & Economics

"RBI Cuts GDP Growth Forecast to 6.8% Amid Festival Season Optimism"

The Reserve Bank of India (RBI) has reduced its GDP growth forecast for India to 6.8% for the second quarter of fiscal 2024-25, a decrease of 20 basis points. In its October bulletin titled "State of the Economy," the RBI attributed this revision to a slackening momentum observed in some high-frequency indicators, which were partially impacted by unusual heavy rainfall in August and September. This latest forecast is lower than the previous projection of 7% made by RBI Gov

Finance & Economics

21 Oct 2024 18:29 PM 1.07k views

"RBI Cuts GDP Growth Forecast to 6.8% Amid Festival Season Optimism"

The Reserve Bank of India (RBI) has reduced its GDP growth forecast for India to 6.8% for the second quarter of fiscal 2024-25, a decrease of 20 basis points. In its October bulletin titled "State of the Economy," the RBI attributed this revision to a slackening momentum observed in some high-frequency indicators, which were partially impacted by unusual heavy rainfall in August and September. This latest forecast is lower than the previous projection of 7% made by RBI Gov

Finance & Economics

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

The Reserve Bank of India (RBI) has taken a significant step by barring four non-banking financial companies (NBFCs) from sanctioning and disbursing loans starting October 21. The companies affected include Asirvad Micro Finance, Navi Finserv, Arohan Financial Services, and DMI Finance. This action comes in light of serious supervisory concerns related to high lending rates and non-compliance with regulatory standards. In a press release, the RBI emphasized its ongoing commitment to

Business

17 Oct 2024 19:20 PM 1.18k views

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

The Reserve Bank of India (RBI) has taken a significant step by barring four non-banking financial companies (NBFCs) from sanctioning and disbursing loans starting October 21. The companies affected include Asirvad Micro Finance, Navi Finserv, Arohan Financial Services, and DMI Finance. This action comes in light of serious supervisory concerns related to high lending rates and non-compliance with regulatory standards. In a press release, the RBI emphasized its ongoing commitment to

Business

RBI's Stance on Inflation: A Tight Leash Amid Rising Risks

The Reserve Bank of India (RBI) is taking a cautious approach to inflation management following a slight rise in the latest inflation readings. During a policy address on Wednesday, RBI Governor Shaktikanta Das emphasized the need to keep inflation on a "tight leash" due to potential upside risks stemming from adverse weather conditions and ongoing geopolitical tensions. In August, India's retail inflation, measured by the Consumer Price Index (CPI), edged up to 3.65%,

Business

09 Oct 2024 12:41 PM 1.33k views

RBI's Stance on Inflation: A Tight Leash Amid Rising Risks

The Reserve Bank of India (RBI) is taking a cautious approach to inflation management following a slight rise in the latest inflation readings. During a policy address on Wednesday, RBI Governor Shaktikanta Das emphasized the need to keep inflation on a "tight leash" due to potential upside risks stemming from adverse weather conditions and ongoing geopolitical tensions. In August, India's retail inflation, measured by the Consumer Price Index (CPI), edged up to 3.65%,

Business

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Market crash: Investors become poorer by ₹13 lakh crore; Sensex tanks 2.27% in two days

Market crash: Investors become poorer by ₹13 lakh crore; Sensex tanks 2.27% in two days

Indian Rupee Holds Steady at 84.39 Against US Dollar, Supported by RBI Efforts

Indian Rupee Holds Steady at 84.39 Against US Dollar, Supported by RBI Efforts

RBI's Gold Reserves Increase to 854.73 Metric Tonnes Amid Economic Uncertainties

RBI's Gold Reserves Increase to 854.73 Metric Tonnes Amid Economic Uncertainties

"RBI Cuts GDP Growth Forecast to 6.8% Amid Festival Season Optimism"

"RBI Cuts GDP Growth Forecast to 6.8% Amid Festival Season Optimism"

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

RBI's Stance on Inflation: A Tight Leash Amid Rising Risks

RBI's Stance on Inflation: A Tight Leash Amid Rising Risks

Comparative Religion

Austin police warn of rise in vehicle burglaries during holiday shopping season

Are you doing these career mistakes that most of the IT Professionals do?

Omar Abdullah Questions Kashmir's Normalcy Post Article 370 Abrogation, Calls It 'Forced'

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Comparative Religion

Austin police warn of rise in vehicle burglaries during holiday shopping season

Are you doing these career mistakes that most of the IT Professionals do?

Omar Abdullah Questions Kashmir's Normalcy Post Article 370 Abrogation, Calls It 'Forced'

Pakistan's Bid to Block India Delegation in Malaysia Fails

Shocking facts on BRS phone tapping allegations

Stock Markets Rise After BJP's Big Win in Maharashtra Elections

Trinamool Pushes for Non-Tamil Candidate in Veep Election, Puts DMK in a Tough Spot

New Takoma Park pilot to deploy AI stop sign enforcement for safer streets

Nvidia gets US approval to sell H20 AI chips to China after export restrictions ease

#rbi-upi

Market crash: Investors become poorer by ₹13 lakh crore; Sensex tanks 2.27% in two days

Market crash: Investors become poorer by ₹13 lakh crore; Sensex tanks 2.27% in two days

Indian Rupee Holds Steady at 84.39 Against US Dollar, Supported by RBI Efforts

Indian Rupee Holds Steady at 84.39 Against US Dollar, Supported by RBI Efforts

RBI's Gold Reserves Increase to 854.73 Metric Tonnes Amid Economic Uncertainties

RBI's Gold Reserves Increase to 854.73 Metric Tonnes Amid Economic Uncertainties

"RBI Cuts GDP Growth Forecast to 6.8% Amid Festival Season Optimism"

"RBI Cuts GDP Growth Forecast to 6.8% Amid Festival Season Optimism"

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

RBI's Stance on Inflation: A Tight Leash Amid Rising Risks

RBI's Stance on Inflation: A Tight Leash Amid Rising Risks

Comparative Religion

Austin police warn of rise in vehicle burglaries during holiday shopping season

Are you doing these career mistakes that most of the IT Professionals do?

Omar Abdullah Questions Kashmir's Normalcy Post Article 370 Abrogation, Calls It 'Forced'

Pakistan's Bid to Block India Delegation in Malaysia Fails

Shocking facts on BRS phone tapping allegations

Stock Markets Rise After BJP's Big Win in Maharashtra Elections

Trinamool Pushes for Non-Tamil Candidate in Veep Election, Puts DMK in a Tough Spot

New Takoma Park pilot to deploy AI stop sign enforcement for safer streets

Nvidia gets US approval to sell H20 AI chips to China after export restrictions ease

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