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The Reserve Bank of India is approaching the end of its rate-cutting cycle and is expected to go for a final 25-bps repo rate cut at its policy review meet on February 2. According to the global financial services major, a rate reduction is likely as inflation may be in line with RBI's January 2016 under-6 per cent target. (PTI)
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Government has marginally revised downward the economic growth for 2014-15 to 7.2 per cent from the earlier estimate of 7.3 per cent after factoring in latest data on agriculture and industrial production. (PTI)
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Snapping three-day losing momentum, the rupee recovered by 45 paise to close at 67.78 per dollar on fresh selling of the American currency by banks and exporters in view of sharp recovery in equities. (PTI)
The Centre today justified in Supreme Court the imposition of President's rule in Arunachal Pradesh, saying there was "complete breakdown" of governance and law and order in the state where the Governor and his family apprehended "grave danger to their lives" daily. (PTI) On a weekly basis, the Sensex recovered 435.03 points, or 1.78 per cent, and the NSE Nifty rose 141.10 points, or 1.90 per cent, snapping three straight weekly losses. (PTI) -
Changes in tarrif value: In any form in the respect of which the benefit of entries at serial numbers at 321 and 323 (for gold) and at serial number 322 and 324 (for silver) of the notification no 12/2012 customs dated 17-03-2012 is awaited. (PTI)
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India's fiscal deficit was 4.88 trillion rupees ($71.90 billion) during April-December, or 87.9 percent of the full-year target, government data showed on Friday. The deficit was 100.2 percent of the full-year target during the same period a year ago. (PTI)
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After rising for the third straight day, gold prices today eased from a three-month high by falling Rs 85 to Rs 27,050 per 10 grams at the bullion market, reflecting weak global cues amid a decline in demand from jewellers. Silver remained under selling pressure and lost another Rs 350 to trade below the Rs 35,000-mark at Rs 34,850 per kg. (PTI)