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

Today's Press

  • 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.

  • 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.

  • 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

 


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