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Systematix’s views on RBI’s monetary policy: Reaction from Mr. Arun Gopalan, Vice President, Research at Systematix Shares & Stocks (I) Ltd.

“As expected by us there was no change either on the policy rates or the liquidity. Also exactly in line with our expectation the RBI Governor stated that there is an “upward risk” to inflation on account of a resurgence in Commodity Prices and the 7th Central Pay Commission. What is important is the “accommodative stance” highlighted by the…
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Business

#Gold, #silver stay shaky on global cues, soft demand

New Delhi, Jun 7 (PTI) Falling for the second straight day, gold prices today eased by another Rs 10 to Rs 29,030 per 10 grams, in line with a weak trend overseas amid muted demand from jewellers and customers at the domestic spot market.…
Business

#Rupee gains 7 paise against #dollar in early trade

Mumbai, Jun 7 (PTI) Rising for the fourth straight day, the rupee strengthened by 7 paise to 66.90 against the US dollar in early trade at the Interbank Foreign Exchange market today on sustained selling of the American currency by banks…
Business

Farmers unhappy over meagre hike in #MSP of paddy

Berhampur (Odisha), June 5 (PTI) Farmers' organisations here have expressed displeasure over the meagre hike in the Minimum Support Price (MSP) of paddy this year by the Centre and demanded implementation of recommendations of National…