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RBI pauses rate cuts, retains interest rate at 5.25 pc

New Delhi, Feb 6 (PTI) After a 25 basis point rate cut in December, the RBI on Friday decided to pause on the policy rate front amid geopolitical uncertainties. This is the first monetary policy review after Finance Minister Nirmala Sitharaman announced the Budget for financial year 2026-27. Announcing the sixth and final bi-monthly monetary policy for the current fiscal, RBI Governor Sanjay Malhotra said the Monetary Policy Committee (MPC) has decided to retain short-term lending rate or repo rate at 5.25 per cent with a neutral stance. The rate cut pause comes on the back of the CPI-based headline

Stock markets decline in early trade dragged by IT firms; RBI policy in focus

Mumbai, Feb 6 (PTI) Stock market benchmark indices Sensex and Nifty declined in early trade on Friday dragged down by IT heavyweights amid weak trend in the US equities. Investors adopted a cautious approach ahead of the RBI policy announcement later in the day and fresh foreign fund outflows. Extending its previous day’s decline, the 30-share BSE Sensex edged lower by 225.15 points to 83,088.78. The 50-share NSE Nifty dropped 89.25 points to 25,553.55. From the Sensex firms, Tech Mahindra, Tata Consultancy Services, Infosys, Asian Paints, NTPC, and HCL Tech were among the major laggards. Bajaj Finance, Kotak Mahindra Bank,

Rupee rises 11 paise to 90.23 against US dollar in early trade

Mumbai, Feb 6 (PTI) The rupee rose 11 paise to 90.23 against the US dollar in early trade on Friday on positive investor sentiments as traders keenly awaited the RBI’s MPC announcement. However, FII outflows, rise in crude oil prices, and a marginally stronger greenback capped sharper gains in the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 90.28 against the greenback before rising to 90.23, up 11 paise from its previous close. On Thursday, the rupee appreciated 13 paise to close at 90.34 against the US dollar. “The Reserve Bank of India

Silver crashes 10 pc to Rs 2.68 lakh/kg on global selloff, strong dollar

New Delhi, Feb 5 (PTI) Precious metal prices tumbled sharply in the national capital on Thursday, with silver slumping 10 per cent to Rs 2.68 lakh per kg, and gold falling to Rs 1.6 lakh per 10 grams triggered by a global selloff and a firm US dollar. According to the All India Sarafa Association, silver nosedived by Rs 30,300, or 10.16 per cent, to Rs 2,68,000 per kilogram (inclusive of all taxes), compared with Wednesday’s closing level of Rs 2,98,300 per kg. Gold of 99.9 per cent purity also depreciated by Rs 4,500, or nearly 3 per cent, to

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