Operational independence is important for a central bank to carry out its responsibilities, a senior IMF official has said, amidst the growing debate in India over the RBI's autonomy following Urjit Patel's resignation as its governor.
Former RBI Governor Raghuram Rajan said there is need to reduce uncompensated government mandates imposed onpublic sector banks (PSBs).
The rupee depreciated by 14 paise to 71.82 in early trade on the forex market as the American currency strengthened, while the domestic equity market opened on a weak note.
Benchmark equity indices opened on a cautious note amid negative signals from other Asian markets, and mixed macro cues like weakening rupee and easing crude prices.
SGX Nifty indicated a tepid start. Kamal Nath chosen as the new chief minister of Madhya Pradesh. IOC has approved a share buyback of up to 29.76 Cr shares at Rs 149/share.
The greenback found broad support as the euro and pound came under pressure, after downbeat comments from the European Central Bank president about the outlook for the euro zone and renewed concerns about a hard Brexit.
OPEC’s output agreement with Russia and Canada’s decision to mandate production cuts could create an oil market supply deficit by the second quarter of next year, if top producers stick to the deal, the International Energy Agency said in its monthly Oil Market Report.
“Trust me,” she urged the other 27 leaders, according to a British official. She assured them she could get the deal they agreed with her last month through parliament — if they would only help her overcome British resistance to its terms.
Cherif Chekatt was killed in the Neudorf-Meinau district of the city, two kilometers from where he shot passers-by and stabbed people on Tuesday.