Stocks plunge despite RBI rate cut, financials under pressure

This reversal is evident in the aftermath of the enactment of the US tax reform package at the end of 2017 which gave multinationals a one-time special rate of 15.5 per cent instead of 35 per cent rate on the repatriation of profits earned abroad and also cut the federal corporate income tax rate from 35 per cent to 21 per cent (Financial Times.

Stocks plunge despite RBI rate cut, financials under pressure Mumbai: Equity benchmark indices were dragged down by financial stocks in afternoon trade on Thursday even though the Reserve Bank. June 6, 2019

Rupee pares most early losses post rbi rate cut. The rupee pared most of its early morning losses and was trading marginally down by 5 paise at 69.31 against the American currency, after the Reserve Bank of India cut its repo rate by 0.25 per cent Thursday.

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11:55 RBI cuts repo rate to 5.75%: The Reserve Bank of India on Thursday cut the policy repo rate by 25 basis points to 5.75 per cent. This is the third time on the trot in 2019 that the central.

Investors were unimpressed with RBI’s rate cut by 25 basis points Stocks plunge despite RBI rate cut, financials under pressure ANI | Updated: Jun 06, 2019 16:14 IST

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Read more about Stocks plunge despite RBI rate cut, financials under pressure on Business Standard. Equity benchmark indices were dragged down by financial stocks in afternoon trade on Thursday even though the Reserve Bank of india (rbi) reduced repo rate by 25 basis points to 5.75 per cent in its second bi-monthly monetary policy meet of fiscal

Stocks plunge despite RBI rate cut, financials under pressure Equity benchmark indices were dragged down by financial stocks in afternoon trade on Thursday even though the Reserve Bank of India (RBI) reduced repo.

Reserve Bank of India Governor Urjit Patel. (PTI) If India’s central bank wasn’t feeling the pressure to cut interest rates after last week’s imbroglio with the government, it may be now.

Meanwhile, Asian stocks fell as investors were wary of an aggressive interest rate cut by the US Federal Reserve and heightened tensions in the Middle East after Iran’s seizure of a British tanker lifted crude oil prices. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.4 per cent while the Nikkei fell 0.3 per cent.

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