Happy Dhan-Taras!The onion crisis is hitting buying sentiment before Diwali. Retail stores report low Dhanteras bookings. The demand for Gold, Electronics is badly hit. The real estate and automobile sectors also have little to write home about.
Repo Rate Hike!RBI Governor Raghuram Rajan announced a 25 basis points hike in repo rate or the benchmark rate as widely expected. The RBI`s move may force banks to increase interest rates on loans leading to higher EMIs for existing home loans and costlier retail loans for new customers.
Gold Hunt StoppedThe Archaeological Survey of India (ASI) finally stopped digging at the fort of former king Raja Ram Bux Singh in Duandia Khera village in Uttar Pradesh in hope of finding gold worth Rs 31,000 crore.