In response to the panic triggered by Trump's trade policies, the RBI net sold approximately $43 billion in the second half of FY25 to curb volatility, as the rupee plunged to a low of 87.95 per dollar in February this year.
Arshdeep Singh grabbed five wickets and opener Prabhsimran Singh smashed a marauding unbeaten 150 as Punjab defeated Mumbai by eight wickets
Delhi use 11 bowlers vs Manipur
With Rohit named in Mumbai's 17-member squad along with fellow Test opener Yashasvi Jaiswal, a significant turnout can be expected on the match day at Mumbai Cricket Association's BKC facility.
'A repo cut will be very good for the market as it will mean that everything is being done to spur growth in these uncertain times.'
Retail inflation dipped marginally to a nearly six-year low of 3.34 per cent in March due to a decline in prices of vegetables and protein-rich items. The Consumer Price Index (CPI) based inflation was 3.61 per cent in February and 4.85 per cent in March last year.
Fifties by skipper Shreyas Iyer and veteran Ajinkya Rahane carried Mumbai to a five-wicket win over Maharashtra in a Group C match of the Syed Mushtaq Ali Trophy in Hyderabad on Wednesday.
In all, Axar has led in 24 matches across all formats, winning 12, losing 10 and two matches ended in a draw.
Wicketkeeper-batter Anvay Dravid, son of former India captain and coach Rahul Dravid, was named in the Karnataka probable list of players for the Under-16 Vijay Merchant Trophy.
Shardul Thakur's second first-class hundred brought Mumbai back from the brink in their Elite Group A clash against Jammu and Kashmir at MCA BKC Ground in Mumbai on Friday.
While growth in India is largely domestic and hence the overall GDP effect may not be more than 0.15-0.2%, but overall trade will be impacted due to every country going back to the drawing board, points out Madan Sabnavis.
Defending champions Mumbai announced their 16-member squad sans India stars Rohit Sharma, Yashasvi Jaiswal and Shreyas Iyer to take on Meghalaya in their must-win Ranji Trophy Elite Group A
Facing Kerala in the quarter-finals in Pune from February 8, J&K will be looking to script history as they aim to make it to the Ranji Trophy semi-finals for the first time ever.
Rohit Sharma's poor form in red-ball cricket continued as he fell for a 19-ball 3 before Mumbai conceded a first-innings lead against Jammu and Kashmir
50 years later, Ravi Shastri walked the audience through the unforgettable over with flair, sharing details about each shot.
Tanush Kotian's five-wicket haul helped Mumbai bounce back as the visitors bowled out Baroda for 185 in their second innings.
A round-up of Monday's action in the Syed Mushtaq Ali Trophy tournament.
The RBI is likely to reduce the key interest rate by 25 basis points this week after keeping it on hold for two years, complementing the Union Budget initiatives to push consumption-led demand, though the sliding rupee continues to be a concern. As the retail inflation has remained within the Reserve Bank's comfort zone (less than 6 per cent) for most of the year, the central bank can take rate action to boost growth hit by sluggish consumption, opined experts.
The decision to suspend Hooda was taken during the Apex Council meeting of the BCA which was held on Thursday evening.
'As the Budget has taken some measures to spur growth, similar action from the MPC may be expected.'
Anmolpreet smashes fastest List A hundred by an Indian
The Real Effective Exchange Rate (REER) of the rupee moderated in December to 107.20 after hitting a peak of 108.14 in November, latest data released by the Reserve Bank of India (RBI) showed. The REER was 103.66 in January 2024. The rupee depreciated around 3 per cent against the dollar in 2024.
Bank of Baroda Q4 results: Key brokerages have raised their target prices on Bank of Baroda after the state-owned lender posted better-than-expected March quarter (Q4FY23) results. Analysts now see up to 29 per cent upside in the stock from a one-year perspective as they believe BoB is well-placed among the large public banks with nearly all key business metrics moving closer to the top-tier banks. Valuations, too, remain attractive despite steady strong quarterly performances.
Devdutt Padikkal and Ravichandran Smaran starred with the bat, guiding Karnataka to a five-wicket win over Haryana in the Vijay Hazare Trophy semi-final.
India pacer Mohammad Shami, playing his third game of the tournament, went for runs as he took 3/61 in 10 overs.
A summary of Friday's action in the Ranji Trophy matches across the country.
Perry (57, 34b, 6x4, 2x6) and Ghosh (64 not out, 27b, 7x4, 4x6) were in sublime touch as defending champions RCB scaled down the target of 202 with ease in the tournament opener.
At 17 years and 168 days, Mhatre broke the previous record set by India batter Jaiswal, who was 17 years and 291 days when he achieved the feat while playing for Mumbai against against Jharkhand in 2019.
With this win, Mumbai maintain their third sport in the group with 22 points.
The Reserve Bank India's (RBI's) decision to ban the onboarding of new accounts on the "bob World" mobile digital platform led to a selloff in the Bank of Baroda (BoB) stock. The stock of the public sector bank dropped by around 3 per cent. The central bank cited "material supervisory concerns"; news reports claimed mobile numbers were randomly linked to accounts to purportedly inflate registrations on bob World.
The India all-rounder is content to spend time with son Agastya and nephew Kavir.
Metropolitan Stock Exchange of India (MSE) plans to raise Rs 120 crore from investors in an attempt to stay afloat. The beleaguered exchange's board has approved issuance of 1.19 billion equity shares of face value Rs 1 at a premium of Rs 1 through private placements, according to a disclosure on its website.
The upcoming Union Budget to be presented on February 1 is likely to assume a nominal gross domestic product (GDP) growth between 10 and 10.5 per cent for FY26, a Business Standard poll of 10 economists showed. The first advance estimates released by the National Statistics Office (NSO) had estimated a nominal GDP growth of 9.7 per cent for FY25. Nominal GDP, calculated at current market prices, factors in the effect of inflation. It is used as the base to calculate crucial macroeconomic indicators, such as fiscal deficit, revenue deficit, and debt-to-GDP ratio.
The government may save over Rs 70,000 crore (Rs 700 billion) on capital and revenue expenditure allocated towards new schemes in the FY25 Budget that are yet to be implemented.
Hardik Pandya on Thursday posted a video of himself bowling with the red-ball during a training session in England.
The Ranji Trophy resumes on Thursday, promising a star-studded spectacle as Rohit Sharma and Rishabh Pant headline a host of big names returning to action.
A round-up of Ranji matches played on Thursday.
Roundup of matches across the country in the ongoing BCCI Ranji Trophy
Varun Chakravarthy had a second coming in international cricket with 17 wickets in his last seven T20Is and 12 of them in South Africa in batting-friendly conditions.
After waiting nearly three years for a first-class hundred, Iyer's form has surged; his century in October broke that dry spell, and now he's added two more in quick succession.
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