If indeed we want the board to manage the RBI, probably the government should take a close look at the US Federal Reserve system which has a two-part structure - a central authority in Washington, DC, and a decentralised network of 12 Federal Reserve Banks located throughout the country, says Tamal Bandyopadhyay.
Increased demand from oil importers for the American currency and a weak opening in the domestic stock market also put pressure on the rupee.
The Asian Games normally serves as the Olympic qualifiers but there was some confusion after the Hangzhou Asian Games were postponed from last year to this year due to the COVID-19 situation in China.
Bullion may settle with limited upside potential
The Bank Nifty is high beta anyhow and it could move the broader market.
A total of 183 stocks rallied 10 per cent, of which 32 stocks saw price appreciation of 20 per cent each.
A presidential advisory sub-committee has recommended the federal government to extend the grace period for H1-B workers, who have lost their jobs, from the existing 60 days to 180 days so that the workers have enough opportunities to find a new job or other alternatives. "The immigration subcommittee recommends the Department of Homeland Security and the US Citizenship and Immigration Services (USCIS) to extend the grace period for H1-B workers, who have lost their jobs, from 60 days to 180 days," Ajay Jain Bhutoria, member of the President's Advisory Commission on Asian Americans, Native Hawaiians, and Pacific Islanders, said on Tuesday. In his presentation, Bhutoria highlighted the significant challenges faced by H1-B workers laid off from their jobs.
The domestic unit moved in a range of 64.14 and 63.99.
The 30-share Sensex ended down 261 points at 27,177 and the 50-share Nifty ended down 91 points at 8,214.
Bank shares were the top gainer in early trades with Bank of Baroda up over 4%.
The top gainers on the Sensex were Cipla, Bharti Airtel, Maruti Suzuki, Hero Moto & Sesa Sterlite.
"While the risk of a correction goes up in the near term, on a long-term basis the Indian market is on an absolutely strong footing."
Sensex in green, midcaps, smallcaps fail to show up; bluechips rule.
Croatian wunderkind Borna Coric offered emphatic proof of his potential when he crushed Rafael Nadal in the Swiss Indoor tournament on Friday before local hero Roger Federer cruised into the last four.
A rate cut will bring positive sentiment around the Budget.
Managing Brexit, inflation and banking reforms, along with the political environment, will be tough.
The poll released on Tuesday found a global average of 46 per cent interest in the Games, but excitement varied across markets
It is surprising that central bankers around the world have cautioned the US Federal Reserve against raising rates.
According to coal ministry officials, the Bill is likely to be introduced in the Lok Sabha on Wednesday. The Coal Mines (Special Provisions) Ordinance, 2014 was brought in October this year in the wake of the Supreme Court's decision cancelling 214 coal blocks.
Indices reversed all its losses during late trades.
The speed at which he led the central bank in different areas -- ranging from internal reorganisation to inflation fighting, stabilising the currency, taking on rogue corporations, cleaning up bank balance sheets, and opening the sector -- makes one believe that Rajan knew he had only three years to do his job. A fascinating excerpt from Tamal Bandyopadhyay's MUST-READ Roller Coaster: An Affair with Banking.
The markets stayed on edge last week due to the endless saga of Greece's problems.
Traders are waiting for the earnings season to kick off.
With almost all opposition parties too backing the 'Bharat bandh' and many announcing parallel protests in support of the farmers, the Centre has issued an advisory directing the states and Union Territories to tighten security and ensure peace is maintained.
Already ranked ninth in Forbes' list of top tennis earners, Japan's Kei Nishikori is due for a bigger share of the off-court largesse despite losing Monday's final at the US Open, US marketing experts say.
Though the Bills of Punjab and Rajasthan have a lot of similarities, the one approved by the Chhattisgarh Assembly is structurally different. None of the three has tried to address a key demand of the agitating farmers in full, which is to make all payments below the MSP, within and outside mandis, illegal.
The IOC has remained committed to staging the Tokyo Games as planned from July 24-Aug. 9, saying on Tuesday after a meeting with international sports federations that measures against the virus were delivering results.
Food and fuel are two perennial areas of concern.
Sensex in green in afternoon trade.
Nobutaka Kitajima, chief investment officer -- equity, LIC Nomura Mutual Fund, tells Business Standard the reaction to the Fed's statements has been overdone and the current downturn has punished certain stocks much more than their inherent economic worth and business potential.
Engineering major BHEL rebounded from its day's lows to end around 1% higher.
'The Modi government is not listening to us. So now we are coming to Delhi to talk with the central government.'
Six players -- Dubov, Nakamura, Aronian, Carlsen, Radjabov and So -- share the lead with 4.5 points after eight rounds.
It is likely the government will divide the country into different zones during the proposed extended period of lockdown and might permit a few services to function in safe zones.
'Industrial countries are still struggling, with a few exceptions, to grow and the uncertainty about growth in the US as well the world is probably what impelled the Fed to stay on hold.'
RBI must balance the need for improving domestic bank credit demand and respond to lower inflation.
The account turned bad before Chaudhari took over as SBI chairman and the asset was sold to AARC following an open bidding process, months after Chaudhari retired, explains Tamal Bandyopadhyay.
India took the first step towards legalising drones by officially publishing draft rules for drone operations in the Official Gazette on Friday. The rules, termed The Unmanned Aircraft System Rules, 2020, are open for public consultation for 30 days.
Multiple pleas have been filed in the top court seeking a direction to authorities to immediately remove the farmers, saying commuters are facing hardships due to the road blockades and the gatherings might lead to an increase in the number of COVID-19 cases.
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