-RBI kept repo rate and Cash reserve ratio (CRR) unchanged, while cutting single lens reflex (SLR) by 50 basis points to 21.5% from 22%. Reduction in SLR will leave banks more money to lend to borrowers.
-Sensex recover 130 points ahead of RBI policy
After 2 sessions of losses, the report of benchmark Bombay Stock Exchange (BSE) Sensex rose over 130 points in early trade 03 Feb 2015 (today) on fresh spell of purchasing by participants ahead of RBI’s monetary policy review.
The Thirty share index, which had lost 559.50 points in the before two sessions, recovered by 130.79 points, or 0.44 %, to 29,253.06, with consumer durables, Fast-moving consumer goods (FMCG), oil
Petrol price down by Rs. 2.42 per liter, diesel by Rs 2.25: Report
The Petrol price was today (03 Feb) slashed by Rs. 2.42 per liter while that of diesel was reduced by. 2.25 Rs.
This is the 10th cut in the price of petrol since last of August, and the 6th in case of diesel since its regulation in October.
Price of Fuel was last revised on 16 January when diesel and petrol prices were cut by the same margin in the wake of falling down oil prices.
The rupee, which plays a significant role in determining prices of the imported fuels, ended steady at 61.66 against the United State (US) dollar today.