A state funeral will be accorded to Union Rural Development Minister Gopinath Munde, who died in a road accident here early this morning, at his native Parli in Maharashtra tomorrow. Graph: PTI
Continuing to adopt caution, the Reserve Bank today kept interest rates unchanged but promised to ease them if there is faster disinflation even as it made clear that the decisive election results could result in comprehensive policy actions. Graph: PTI
The central bank in its bi-monthly policy review unlocked about Rs 40,000 crore of banking funds by cutting the statutory liquidity ratio (SLR), the portion of deposits banks park in government bonds, by 0.5 per cent to 22.5 per cent. Graph: PTI
While noting the negative factors that continue to dog the economy, such as doubts over a normal monsoon coupled with continuing weakness in both consumption and investment demand, Rajan acknowledged the possibility of a conducive environment after the recent election results. Graph: PTI
Trading in corporate bonds stood at ten-month high level of Rs 93,945.86 crore at leading stock exchanges BSE and National Stock Exchange in May. Graph: PTI
BSE Sensex Intraday Movement. The BSE benchmark Sensex today jumped by nearly 174 points to end the day at all-time closing high of 24,858.59 as sentiment remained positive after the RBI pleased markets by unlocking about Rs 40,000 crore of banking funds by cutting the statutory liquidity ratio (SLR). Graph: PTI
BSE Sensex: Top Gainers, Top Losers. Boosting investor sentiment, The Reserve Bank of India (RBI) also allowed foreign portfolio investors to participate in the domestic exchange traded currency derivatives markets. Brokers said eight core sector industries posting a 4.2 per cent growth in April also buoyed markets. Graph: PTI
BSE Sensex and NSE Nifty throughout the day. The 30-share BSE barometer resumed the day better on firm Asian cues and moved erratically before settling at 24,858.59, a gain of 173.74 points or 0.70 per cent from its last close. Graph: PTI
Indian rupee through the day against US dollar. Falling for the fourth day in succession, the rupee today dipped by 23 paise to close at nearly three-week low of 59.38 against the dollar amidst the RBI announcing an SLR cut that is expected to release nearly Rs 40,000 crore into markets. Graph: PTI
Indian rupee vs US dollar. The Reserve Bank of India is (RBI) is believed to have intervened through state-run banks as renewed capital inflows in record setting local equities and weak dollar overseas could not to stem the rupee fall. Graph: PTI
Gold and silver prices. Continued its falling streak, gold prices declined by Rs 20 to Rs 27,200 per ten gram in the national capital today owing to slackened demand amid a weak global trend. Graph: PT
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