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RBI's 25 basis points rate cut not enough to spur demand, says M&M's Pawan Goenka

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In a CNBC-TV18 exclusive, Mahindra and Mahindra’s (M&M) MD Pawan Goenka said that Thursday’s rate cut by the Reserve Bank of India (RBI) is not sufficient to spur demand. 

Market Movers

CompanyPriceChange%Gain
Larsen1,507.00 27.75 1.88
Infosys1,525.95 22.80 1.52
JSW Steel674.00 8.50 1.28
TCS3,300.65 39.25 1.20
Bajaj Finance6,077.00 61.40 1.02
CompanyPriceChange%Gain
Larsen1,507.45 27.65 1.87
Infosys1,526.30 23.45 1.56
TCS3,298.95 36.85 1.13
Tata Steel1,110.95 11.15 1.01
Bajaj Finance6,072.80 57.60 0.96
CompanyPriceChange%Gain
Larsen1,506.20 26.95
Infosys1,529.45 26.30
TCS3,303.45 42.05
JSW Steel673.55 8.05
Bajaj Finance6,083.00 67.40
CompanyPriceChange%Gain
Infosys1,528.50 25.65
Larsen1,505.80 26.00
TCS3,302.85 40.75
Bajaj Finance6,081.80 66.60
Tata Steel1,110.50 10.70

Currency

CompanyPriceChng%Chng
Dollar-Rupee74.2200-0.0500-0.07
Euro-Rupee88.50600.09400.11
Pound-Rupee103.58900.09700.09
Rupee-100 Yen0.6689-0.0002-0.02