Benchmarks under pressure; IT shares slide
IT shares witnessed profit booking after advancing in the past three consecutive trading sessions. At 11:30 IST, the barometer index, the S&P BSE Sensex, declined 639.26 points or 0.84% to 75,551.20.
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India central bank’s bond purchases raise bets of February rate cut, investors say
The Reserve Bank of India's unexpected purchase of government bonds pushed down bond yields on Monday and raised bets for a ...
Sharp rupee depreciation forces RBI to spend $77 billion from forex kitty
The Indian rupee has been on the depreciation path in the last few months due to various factors such as widening trade ...