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Yesterday’s big news was related to loans. The Reserve Bank of India (RBI) has not changed interest rates for the eighth consecutive time. RBI has kept the interest rates unchanged at 6.5%. That means the loan will not be expensive and your EMI will also not increase.
At the same time, users of Fastag and National Common Mobility Card will now be able to add money automatically if their balance goes below the limit set by them. This will happen through recurring payment mechanism. Apart from this, on Friday, June 7, the last trading day of the week, the Sensex reached an all-time high of 76,795.
Before tomorrow’s big news, today’s major events to keep an eye on…
- The stock market will remain closed today (Saturday).
- There has been no change in the prices of petrol and diesel.
Now read tomorrow’s big news…
1. No change in interest rates for the eighth consecutive time: Loans will not be expensive, your EMI will also not increase, RBI maintained the repo rate at 6.5%.
The Reserve Bank of India (RBI) has not changed interest rates for the eighth consecutive time. RBI has kept the interest rates unchanged at 6.5%. That means the loan will not be expensive and your EMI will also not increase. RBI last raised rates by 0.25% to 6.5% in February 2023.
RBI Governor Shaktikanta Das gave information about the decisions taken in the Monetary Policy Committee (MPC) meeting going on from June 5 today i.e. on Friday. This meeting takes place every two months. RBI had not increased interest rates in its earlier meeting held in April.
Click here to read the full news…
2. Money will be added automatically in Fastag, NCMC: Now one has to reload manually again and again, facility will be started for UPI Lite also.
Fastag and National Common Mobility Card users will now be able to add money automatically if their balance goes below the limit set by them. This will happen through recurring payment mechanism.
Apart from this, UPI Light Wallet has been brought under the e-mandate framework. That is, in this also the money will be loaded automatically if it is less than the prescribed limit. Currently, users have to manually reload it every time they run out of money.
Click here to read the full news…
3. Sensex jumped more than 2%, reached a record 76,795: Crossed the level before the results of Lok Sabha elections, Nifty closed at 23,290.
After the Reserve Bank increased the GDP estimates, the Sensex reached an all-time high of 76,795 on Friday, June 7, the last trading day of the week. However, later it came down slightly and the Sensex closed at 76,693 with a gain of 1,618 points.
At the same time, Nifty also saw an increase of about 500 points during trading and it reached the level of 23,320. Nifty closed at 23,290 with a gain of 468 points. This is the all-time closing high of Nifty.
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4. All banks should invest in IT-infra: RBI Governor Shaktikanta Das’s advice to banks, said – this can reduce the obstacles.
RBI has asked banks to make adequate investment in IT infrastructure as per their business growth and volume to reduce outages. RBI Governor Shaktikanta Das said this in a press conference on Friday after the meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India.
Shaktikanta Das said, ‘Whenever there is a technical interruption, the problem is not with NPCI and UPI, but with the banks. There are many reasons for this which we are dealing with.
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5. Tata Altroz Racer launched at ₹9.49 lakh: India’s first premium hatchback car with 360° camera, competes with Hyundai i20 N-Line
Tata Motors has launched Altroz Racer in the Indian market today. This is India’s first car in the premium hatchback segment, which has 360 degree camera, wireless charging, ventilated seats and voice assistance electric sunroof.
Apart from this, the car has a powerful 1.2 liter turbo petrol engine and its exterior, features and safety have also been upgraded. It is the sporty version of the regular Altroz, offered in three variants – R1, R2 and R3 and priced starting at Rs 9.49 lakh (introductory ex-showroom pan-India).
Click here to read the full news…
6. Bajaj’s cheapest electric scooter Chetak 2901 launched: Claims a range of 127km on full charge, competes with Ola S1X and Ather Rizzta S.
Bajaj Auto has today (June 7) launched the cheapest variant of its popular electric scooter Chetak in the Indian market. The company claims that the electric scooter can run 123km on full charge. Its price has been kept at Rs 95,998 (ex-showroom Bengaluru, including EMPS-2024 scheme).
The new Bajaj Chetak 2901 electric scooter is cheaper by Rs 27,321 than its urban variant and by Rs 51,245 than its premium variants. Chetak 2901 scooter will be available at dealerships from June 15, 2024. It competes with Ola S1X, Ather Rizzta S, TVS iQube (2.2kWh) and Vida V1+.
Click here to read the full news…
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