Monetary Policy Review: Experts believe that the rupee may remain strong after recent announcements
Reserve Bank of India (RBI) Governor Shaktikanta Das announced on February 5, 2021, that the Monetary Policy Committee (MPC) will maintain key policy rates at the existing levels, which lead to the repo and reverse repo rates unchanged. The central bank kept the repo rate unchanged at four per cent and the reverse repo rate steady at 3.35 per cent. The RBI Governor also assured that the central bank would continually support the economy s recovery from COVID-19 by ensuring ample liquidity in the system. The Monetary Policy Committee also projected the real gross domestic product (GDP) growth to be 10.5 per cent in 2021-22 – in the range of 26.2 to 8.3 per cent in the first half, and six per cent in the third quarter. (
Shares of Jubilant FoodWorks zoomed 8 per cent to Rs 2,868 in intra-day trade on the BSE on Thursday after the company reported a good operational performance in the December quarter (Q3FY21), with Ebitda earnings before interest, taxes, depreciation, and amortisation) margin improving by 243 basis points (bps) year on year (YoY) at 26.4 per cent. The fast food major runs the Domino s Pizza franchise in the country.
In Q3FY21, it reported a 21.6 percent YoY jump in its net profit to Rs 124 crore from Rs 102 crore as the firm nearly doubled its deferred tax amount to Rs 107 crore from Rs 52 crore in the corresponding period previous year.
BW Businessworld
Rupee Settles On Flat Note, Higher By 1 Paisa At 72.95 Against US Dollar
The dollar index, which gauges the greenback s strength against a basket of six currencies, declined 0.03 per cent to 91.17.
Photo Credit :
The Indian rupee ended on a flat note and settled 1 paisa higher at 72.95 (provisional) against the US dollar on Wednesday amid a firm trend in the domestic equity markets.
At the interbank forex market, the local unit opened at 72.96 against the greenback and witnessed an intra-day high of 72.92 and a low of 72.98.
It finally ended at 72.95 against the American currency, registering a rise of just 1 paisa over its previous close.
File Photo - The Hindu× The Indian rupee ended on a flat note and settled 1 paisa higher at 72.95 (provisional) against the US dollar on Wednesday amid a firm trend in the domestic equity markets.
At the interbank forex market, the local unit opened at 72.96 against the greenback and witnessed an intra-day high of 72.92 and a low of 72.98.
It finally ended at 72.95 against the American currency, registering a rise of just 1 paisa over its previous close.
On Tuesday, the rupee had finished at 72.96 against the American currency.
The dollar index, which gauges the greenback s strength against a basket of six currencies, declined 0.03 per cent to 91.17.
Rupee settles on flat note, higher by 1 paisa at 72.95 against US dollar
MUMBAI: The Indian rupee ended on a flat note and settled 1 paisa higher at 72.95 (provisional) against the US dollar on Wednesday amid a firm trend in the domestic equity markets.
At the interbank forex market, the local unit opened at 72.96 against the greenback and witnessed an intra-day high of 72.92 and a low of 72.98.
It finally ended at 72.95 against the American currency, registering a rise of just 1 paisa over its previous close.
On Tuesday, the rupee had finished at 72.96 against the American currency.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, declined 0.03 per cent to 91.17.