Indian central bank’s new regime cuts rates (news: 04/10/16)

Posted On 05 Oct 2016

Today’s Press

Indian central bank’s new regime cuts rates

India’s newly minted monetary policy committee delivered a surprise 25-basis-point cut in the repo rate on Tuesday to 6.25 percent, as Reserve Bank of India Governor Urjit Patel presided over his first policy review since his appointment last month.

5 things we learned from September auto sales

Total U.S. industry sales are heading for about a 1.5% decline in September compared with the same month a year ago even though automakers tried to keep the sales momentum going with higher incentives.

Oil Prices Fall on Skepticism Over OPEC’s Efficacy

The December contract for global crude benchmark Brent was down 0.94% at $50.40 a barrel while November deliveries of its U.S. counterpart West Texas Intermediate fell 0.88% to $48.38.

Forex Quotes:

USDJPY: 102.59

EURUSD: 1.1164

Indices:

S&P 500: 2,161.20

NASDAQ : 5,300.87

Source:: Indian central bank’s new regime cuts rates (news: 04/10/16)

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