Day: June 7, 2012

CHINA CUTS INTEREST RATE TO 3.25%

The People’s Bank of China cut interest rates for the first time since 2008 to 3.25 percent from 3.50 percent for the 1 year deposit rates. One year lending rates declined to 6.31 percent from 6.56 percent. (Bloomberg)

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MARKET SUMMARY – 7 JUNE 2012

The Indian markets joined its global peers in extending its rally, as investor took relief on hope of stimulus measure to be announced in the Europe and America. Sensex 30 index closed 194.75 points up at 16649.05 (1.18%). The Sensex touched… Read More ›

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