Monday, Jan 23, 2012
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RBI UNLIKELY TO CUT REPO RATE: CNBC-TV18 POLL
Ahead of the Reserve Bank of India announcing its credit policy review on Tuesday, a CNBC-TV18 poll shows that 95% of the respondents expect Repo Rate to remain unchanged, while 50% expects the Central Bank to leave Cash Reserve Ratio unchanged at 6%. read more |
RBI WARNS ON PERSISTENT INFLATION RISKS
The Reserve Bank of India said the growth outlook and business climate have weakened but also warned of upward risks to inflation, a day before it is widely expected to keep policy interest rates on hold. read more |
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AT A GLANCE |
BSE | 16751.73 | +12.72 |
NSE | 5046.25 | -2.35 |
TURNOVER
Rs. 124,046 cr
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BSE CASH
Rs. 2,125 cr
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NSE CASH
Rs. 10,124 cr
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NSE F&O
Rs. 111,796 cr
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BULLION |
GOLD | 27421 | -69 |
SILVER | 55357 | -191 |
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CRUDE |
NYMEX | 98.89 | +0.56 |
BRENT | 110.75 | +0.89 |
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FOREX |
$ / Re | 50.09 | -0.23 |
£ / Re | 77.734 | -0.35 |
/ Re | 65.052 | +0.43 |
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EVENTS TO WATCH |
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24 January |
| RBI Credit Policy |
| Telecom Minister Kapil Sibal To Meet CEOs Of Telecom Companies |
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27 -28 January |
| National Summit on Recent Trends in Compensation And Rewards, Organized By AIMA |
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25-29 January |
| World Economic Forum Annual Meeting 2012, Davos, Switzerland |
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31 January |
| Finance Minister Pranab Mukherjee To Meet Industrialists |
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EXPERT VIEWS |
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(In a letter to PM) "You are 80 years old now. The country has given you everything. Now people are asking something in return. Show some courage...to bring Lokpal to fight corruption. We don't know whether [the ruling] Congress [party] will give you another chance as prime minister but if you do this, the country will always remember you."
Anna Hazare
Anti-Corruption Crusader
"...the future is what we make of it. Nothing is ordained or pre-determined. India can rise, but India can also falter. We can either become victims of negativism, criticising ourselves all the way, or work together to put ourselves firmly in the group of rising economies. Both optimism and pessimism have an infectious quality."
Manmohan Singh
Prime Minister
"The longer we wait, the worse it will get. The only solution is to move forward together. We must all understand that this is a defining moment. It is not about saving any one country or region. It is about saving the world from a downward economic spiral."
Christine Lagarde
MD, IMF
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WATCH OUT |
Credit Policy
While inflation has climbed down from the 9% mark, the prices of industrial goods are still rising. Does the RBI have room to cut rates? And if it doesn't, will growth slip below 7%? Join Latha Venkatesh as she gets you the RBI Credit Policy straight from the RBI Headquarters, with instant analysis from a galaxy of economists, bankers, market experts & CEOs. Find out how it will impact your job, your EMIs, savings and your lifestyle.
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SHOW TIMINGS
Tom 11am Onwards
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