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Rupee Depreciates 6 Paise Against US $

Mumbai: The rupee on Friday slipped by 6 paise to finish at 69.23 per US dollar, amid increasing demand for the greenback from importers. Forex traders said strengthening of the dollar against key currencies overseas weighed down the…

RBI cuts repo rate by 25 basis points to 6%

Mumbai:  In the first bi-monthly monetary policy meet of the current financial year, the Reserve Bank of India (RBI) on Thursday cut its repo rate under liquidity adjustment facility (LAF) by 25 basis points to 6% with immediate effect.…