Reserve Bank of India
Cuts Repo Rate to 6.00% Amid Growth Concerns
The Reserve Bank of India (RBI) reduced its key repo rate by 25 basis points to
6.00%, marking the second consecutive cut in response to mounting growth
concerns exacerbated by newly imposed U.S. tariffs on Indian imports. The
central bank also shifted its monetary policy stance from "neutral"
to "accommodative," signaling potential for further rate cuts.
India and U.S. Accelerate
Trade Talks Following New Tariffs
In response to the U.S. imposing a 26% tariff on Indian goods, India and the
United States are expediting negotiations to finalize a long-pending trade
agreement aimed at mitigating economic concerns and strengthening bilateral
ties.
Indian Stock Markets Decline Amid Global
Trade Tensions
Indian equities experienced a downturn, with the Nifty 50 declining by 0.72% to
22,372.7 and the BSE Sensex falling 0.58% to 73,791.9, as escalating global
trade tensions and the recent U.S. tariffs impacted investor sentiment.
Dubai Crown Prince Sheikh Hamdan Begins
First Official Visit to India
Sheikh Hamdan's visit aims to strengthen ties, trade, and business partnerships
between Dubai and India, marking a significant step in enhancing bilateral
relations.
Bank Holiday Observed on Mahavir Jayanti
Banks across India remained closed in observance of Mahavir Jayanti, affecting
financial transactions and operations nationwide.
AAP MLA Roughed Up in Chaotic Scenes at J-K
Assembly
An Aam Aadmi Party MLA was roughed up and rescued by marshals amid chaotic
scenes involving broken glass tables and locked doors during a session at the
Jammu and Kashmir Assembly.
Numerology Horoscope Predictions for April
9, 2025
Daily numerology horoscope predictions offer insights into personal and
professional aspects for individuals based on their birth numbers.
Horoscope Today: Astrological Forecasts for
April 9, 2025
Astrological predictions provide guidance on various aspects of life, including
career, relationships, and health, for all zodiac signs.
Top Stock Recommendations
for April 9, 2025
Financial analysts provided stock recommendations, highlighting potential buy
and sell opportunities in the market for investors.
Gujarat Factory Fire Claims 21 Lives
An explosion at a firecracker warehouse in Banaskantha district resulted in the
deaths of at least 21 workers, prompting investigations into safety protocols.
India and African Nations
to Conduct Joint Naval Exercise
The maiden edition of the Africa-India Key Maritime Engagement (AIKEYME) is set
to take place, involving naval forces from India and several African nations to
enhance maritime cooperation.
South Central Railway Reports Record
Earnings
South Central Railway announced record earnings of ₹20,452 crore for the fiscal
year 2024–25, reflecting robust performance in freight and passenger services.
Earthquake of Magnitude 4.3 Strikes Myanmar
A 4.3 magnitude earthquake struck Myanmar, with tremors felt in neighboring
regions, prompting assessments of potential damage and safety measures.
Private Employers Can Specify Particular
Court for Job-Related Disputes: Supreme Court
The Supreme Court ruled that private employers have the right to specify a
particular court for resolving job-related disputes, impacting employment
contracts nationwide.
Opposition Criticizes West Bengal CM Over
Teacher Job Losses
The opposition slammed Chief Minister Mamata Banerjee over the loss of 25,000
teacher jobs, raising concerns about employment policies in the state.
India's Cash Reserve Ratio Remains
Unchanged at 4%
The RBI maintained the Cash Reserve Ratio at 4%, indicating a preference to use
other tools for stimulating the economy while ensuring bank stability.
RBI Aims for Liquidity Surplus of 1% of
Deposits
The RBI aims to maintain a liquidity surplus of around 1% of total deposits,
approximately ₹2 trillion, to ensure effective policy transmission.
India's Growth Forecast Lowered to 6.5% for
2024-25
The RBI revised India's GDP growth forecast for 2024-25 down to 6.5% from 6.7%,
reflecting concerns over economic challenges.
India's Inflation Forecast Reduced to 4%
The RBI lowered its inflation forecast to 4% from 4.2%, indicating expectations
of moderated price increases.
India's IT and Pharma Sectors Hit by U.S.
Tariffs
The IT and pharmaceutical sectors faced declines due to dependency on U.S.
markets and tariff threats, with IT dropping 3% and pharma 1.8%.
The Reserve Bank of India (RBI) reduced its key repo rate by 25 basis points to 6.00%, marking the second consecutive cut in response to mounting growth concerns exacerbated by newly imposed U.S. tariffs on Indian imports. The central bank also shifted its monetary policy stance from "neutral" to "accommodative," signaling potential for further rate cuts.
In response to the U.S. imposing a 26% tariff on Indian goods, India and the United States are expediting negotiations to finalize a long-pending trade agreement aimed at mitigating economic concerns and strengthening bilateral ties.
Indian equities experienced a downturn, with the Nifty 50 declining by 0.72% to 22,372.7 and the BSE Sensex falling 0.58% to 73,791.9, as escalating global trade tensions and the recent U.S. tariffs impacted investor sentiment.
Sheikh Hamdan's visit aims to strengthen ties, trade, and business partnerships between Dubai and India, marking a significant step in enhancing bilateral relations.
Banks across India remained closed in observance of Mahavir Jayanti, affecting financial transactions and operations nationwide.
An Aam Aadmi Party MLA was roughed up and rescued by marshals amid chaotic scenes involving broken glass tables and locked doors during a session at the Jammu and Kashmir Assembly.
Daily numerology horoscope predictions offer insights into personal and professional aspects for individuals based on their birth numbers.
Astrological predictions provide guidance on various aspects of life, including career, relationships, and health, for all zodiac signs.
Financial analysts provided stock recommendations, highlighting potential buy and sell opportunities in the market for investors.
An explosion at a firecracker warehouse in Banaskantha district resulted in the deaths of at least 21 workers, prompting investigations into safety protocols.
The maiden edition of the Africa-India Key Maritime Engagement (AIKEYME) is set to take place, involving naval forces from India and several African nations to enhance maritime cooperation.
South Central Railway announced record earnings of ₹20,452 crore for the fiscal year 2024–25, reflecting robust performance in freight and passenger services.
A 4.3 magnitude earthquake struck Myanmar, with tremors felt in neighboring regions, prompting assessments of potential damage and safety measures.
The Supreme Court ruled that private employers have the right to specify a particular court for resolving job-related disputes, impacting employment contracts nationwide.
The opposition slammed Chief Minister Mamata Banerjee over the loss of 25,000 teacher jobs, raising concerns about employment policies in the state.
The RBI maintained the Cash Reserve Ratio at 4%, indicating a preference to use other tools for stimulating the economy while ensuring bank stability.
The RBI aims to maintain a liquidity surplus of around 1% of total deposits, approximately ₹2 trillion, to ensure effective policy transmission.
The RBI revised India's GDP growth forecast for 2024-25 down to 6.5% from 6.7%, reflecting concerns over economic challenges.
The RBI lowered its inflation forecast to 4% from 4.2%, indicating expectations of moderated price increases.
The IT and pharmaceutical sectors faced declines due to dependency on U.S. markets and tariff threats, with IT dropping 3% and pharma 1.8%.
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