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Markets rebound after 8-day slump; Sensex jumps over 700 points post RBI policy

Mumbai, Oct 1 (PTI) Equity benchmark indices rebounded sharply on Wednesday after an eight-day slump, with the Sensex jumping 715.69 points, helped by buying in bank and financial stocks after the RBI left key interest rates unchanged and revised upward its growth estimates for the current fiscal to 6.8 per cent. The 30-share BSE Sensex jumped 715.69 points or 0.89 per cent to settle at 80,983.31. During the day, it surged 800.81 points or 0.99 per cent to 81,068.43. The 50-share NSE Nifty climbed 225.20 points or 0.92 per cent to 24,836.30. From the Sensex firms, Tata Motors jumped the

Rupee recovers 9 paise from all-time low to close at 88.71 against US dollar post RBI policy

A man counts Indian rupee currency notes inside a shop in New Delhi, India. (Photo: Reuters)

New Delhi, Oct 1 (PTI) The rupee recovered 9 paise from its all-time closing low to settle at 88.71 against US dollar on Wednesday, as the Central Bank in its monetary policy decision announced a host of measures to support exporters and bring stability to the domestic unit. Forex traders said the rupee advanced against the US dollar as the Reserve Bank of India (RBI) left the repo rate unchanged at 5.5 per cent and maintained a neutral stance in its fourth Monetary Policy of FY26. Moreover, strength in domestic markets and a decline in crude oil prices and additional

Gold breaches Rs 1.21 lakh/10g on US govt shutdown, Fed rate cut bets

New Delhi, Oct 1 (PTI) Gold prices rallied by Rs 1,100 to breach the Rs 1.21 lakh per 10 grams mark in the national capital on Wednesday, tracking firm global cues amid the US government shutdown after Congress failed to approve fresh federal funding. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity jumped Rs 1,100 to hit a fresh peak of Rs 1,21,100 per 10 grams (inclusive of all taxes). It had closed at Rs 1,20,000 per 10 grams on Tuesday. In the local bullion market, gold of 99.5 per cent purity appreciated

Centre hikes DA/DR by by 3% w.e.f. from July 1, 2025; to benefit 1.18 cr employees, pensioners

DA may be hiked by 4% today for central govt employees, pensioners

New Delhi, Oct 1 (PTI) The Union Cabinet on Wednesday increased DA (Dearness Allowance) and DR (Dearness Relief) by 3 per cent for about 49.19 lakh central government employees and 68.72 lakh pensioners. The DA/DR increase of 3 per cent over the existing rate of 55 per cent of the basic pay/pension to compensate against the price rise is effective July 1, 2025. The combined impact on the exchequer on account of an increase in DA and DR will be Rs 10,083.96 crore per annum, I&B Minister Ashwini Vaishnaw said while briefing on decisions taken in the Cabinet meeting. The

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