On Thursday - Rupee likely to start trading with gap up opening as greenback was on the defensive at a one-week low, as robust U.S. data and fresh hopes for U.S. fiscal stimulus had investors confident enough about economic recovery prospects to seek out riskier currencies.
India's monsoon rains in 2020 were above average for the second year in a row, the first time that has happened in more than six decades, weather department officials said on Wednesday.
The Reserve Bank on Monday postponed the meeting of the Monetary Policy Committee (MPC), the all-important interest rate-setting panel, over a possible lack of quorum as the appointment of independent members is delayed.
The Reserve Bank in a press release said that the MPC meeting, which was to begin for three days beginning Tuesday for a bi-monthly monetary policy review, has been rescheduled and new dates will be announced shortly.
The Reserve Bank on Monday postponed the meeting of the Monetary Policy Committee (MPC), the all-important interest rate-setting panel, over a possible lack of quorum as the appointment of independent members is delayed.
The Reserve Bank in a press release said that the MPC meeting, which was to begin for three days beginning Tuesday for a bi-monthly monetary policy review, has been rescheduled and new dates will be announced shortly.
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