Business News Live Updates: Repo rate kept unchanged at 6.50% for 10th straight time
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5 mins read | Updated on October 09, 2024, 10:27 IST
SUMMARY
Stay tuned for live updates on the latest business news, trends, and breaking developments on October 9, 2024.
Repo rate kept unchanged at 6.50% for 10th straight time
The Reserve Bank of India on Wednesday decided to keep the policy rate unchanged for the tenth time in a row but changed its stance to 'neutral' that may lead to a cut in the forthcoming policies.
RBI maintained status quo despite the US Federal Reserve lowering the benchmark rates by 50 basis points last month. The central banks of some developed nations have also reduced their interest rates. Read more.October 09, 2024, 10:27 AM
Govt includes more goods under global authorisation for intra-company transfer
The government on Tuesday included more dual use goods like certain software and technology items under the purview of global authorisation for intra-company transfer in 41 countries.
Dual use goods have both industrial and military uses and fall in the special chemicals, organisms, materials, equipment and technologies (SCOMET) category.
The countries for which the easing is done includes Russia, the UK and the US.
October 09, 2024, 08:59 AM
