Indian benchmark indices end positive on Monday
Following the announcement of resignation of Italian prime minister Matteo Renzi, the Euro took a nose dive and reached $1.0505 on Monday, its lowest level against the US currency since March 2015, according to media reports.
But during the day, it recovered to stand at $1.0634, a fall of just 0.3 per cent, the BBC reported.
Asian markets fell the pinch when they opened on Monday morning.
According to reports, hopes that the Reserve Bank of India will lower interest rates at its policy review on Wednesday offered some support to the Indian market sentiment.
Key stocks on the Indian market that gained on Monday were M&M, Asian Paints, Lupin, Maruti and Bharti while TCS, HDFC, GAIL, Sun Pharma and Wipro ended as losers.
The Union Ministry of Finance, on Monday said that any payment above Rs.5,000 by government departments to suppliers, contractors, grantee/loanee institutions etc will be made through e-Payments.
To attain the goal of complete digitization of government payments, the Union Ministry of Finance has again reviewed the existing limit of Rs. 10,000 prescribed regarding e-payment to suppliers etc. The last review in this regard was made in August, 2016.
Image: Wikimedia Commons
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