Petrol-Diesel price cut, RBI monetary policy highlights, Working of 3D inkjet printer and more

Ahead of Delhi Assembly elections this Saturday, petrol price was cut today by Rs 2.42 per litre and diesel by Rs 2.25 a litre in step with fall in international oil prices. Petrol in Delhi will cost Rs 56.49 a litre from midnight tonight as compared to Rs 58.91 now. Similarly, diesel will cost Rs 46.01 per litre as against Rs 48.26 at present.

Disappointing markets and the industry, RBI Governor Raghuram Rajan today left interest rate unchanged, saying there are no developments to warrant further easing since the unscheduled rate cut about a fortnight ago.

RBI kept the benchmark repurchase rate at 7.75 per cent, but cut the statutory liquidity ratio (SLR) – the amount of funds that lenders must set aside – by 50 basis points to 21.5 per cent of deposits from February 7, a move that will help banks to increase lending.

In a pleasant surprise, Governor Raghuram Rajan-led Reserve Bank of India (RBI) today cut its policy rate by 0.25 per cent in the first reduction in 20 months and promised more, paving way for cheaper home and auto loans as also lower cost of funds for corporate borrowers.

Extending losses for the third straight day, benchmark BSE Sensex today slipped by 122 points to close at 29,000.14 as RBI keeping interest rate unchanged disappointed investors. The NSE Nifty also fell by 40.85 points or 0.46 per cent to finish at 8,756.55.

Extending losses for the third straight day, benchmark BSE Sensex today slipped by 122 points to close at 29,000.14 as RBI keeping interest rate unchanged disappointed investors. The NSE Nifty also fell by 40.85 points or 0.46 per cent to finish at 8,756.55.

Gold prices today fell by Rs 180 to Rs 28,270 per ten gram at the bullion market, snapping its two-day rising streak, as demand from jewellers and retailers eased at prevailing levels amid a weak global trend. Silver, however, recovered by Rs 450 to Rs 38,450 per kg on increased offtake by industrial units and coin makers.

Working mechanism of 3D inkjet printer.

Bucking the weak trend in stocks, Indian rupee strengthened 13 paise to end at nearly one-week high of 61.67 against the greenback on persistent selling of dollars by banks and exporters on a day the RBI kept interest rates unchanged.

Cuabn detention till January, 2015.