Search Results for: depreciating rupee

Britain slips behind India, ranks 6th biggest economy now as per IMF data

The calculation is based in US dollars, and India extended its lead in the first quarter, according to GDP figures from the International Monetary Fund.

Sep 3, 2022

india, forex reserves, rbi, fcnr deposits, rupee, us dollar, demonetisation, global uncertainty

Forex: Rupee falls 11 paise at 79.56 against US dollar

Dollar index, which gauges the the strength of greenback against the basket of six major currencies were at 109.037.

Sep 2, 2022

Indian rupee declines sharply to a record low, one dollar equals Rs. 80.14

At 11 a.m., the rupee was trading at 80.04, as compared to 79.86 close on the previous trading session against the US dollar.

Aug 29, 2022

RBI Gold bonds: Second Sovereign Gold Bond Scheme series to open on August 22

The government has announced that the second series of the Sovereign Gold Bond Scheme for the current fiscal will open for subscription on August 22, and the issue price is Rs 5,197 per gram.

Aug 20, 2022

RBI tightens noose on fraudulent Chinese lending apps; plugs loopholes in regulatory guidelines

Investigating agencies found that various fintech companies in collusion with NBFC had thus indulged in predatory lending, by-passing the regulatory system.

Aug 18, 2022

Most banks hike deposit rates ahead of festive season

Most banks are increasing their deposit rates for boosting deposit to support rising credit off-take as liquidity in the banking system has narrowed.

Aug 17, 2022

Amul hikes milk prices by Rs 2 per litre; check out revised costs [details]

According to Amul, the hike is just a four per cent increase in price and lower than prevailing food inflation.

Aug 16, 2022

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Big market crash coming? Bank of America predicts Nifty to slump to 15600 by December [read now]

The firm stated that it is neutral on the information technology sector and underweight on stocks in the external/export-driven sectors like materials and select discretionary.

Aug 12, 2022

Markets: Rupee, bond yield ends almost flat ahead on long weekend

The Indian rupee and the government bond yield ended almost flat on Friday as most traders remained on the sidelines ahead of the long weekend.

Aug 12, 2022

Forex: India's forex reserves rises after 4 weeks of fall

India's forex reserves rose around $2.4 billion during the week ending July 29 after falling for the four consecutive weeks. The rise was seen on back of positive inflows by the foreign investors in the Indian equity market.

Aug 6, 2022

Economy: Bank of Baroda to raise Rs 1,000 cr via infrastructure & affordable housing bonds

Bank of Baroda, the second largest state-owned bank, is planning to raise Rs 1,000 crore through issuance of infrastructure and affordable housing bonds on August 12, a source close to the development told IANS.

Aug 6, 2022

Economy: Benchmark bond yield rises 9 basis bps after RBI hikes repo rate

The yield on benchmark government bond yields rose sharply by 9 basis points in the morning trade after the Reserve Bank of India (RBI) announced an increase of the repo rate by 50 basis points.

Aug 5, 2022

Shaktikanta Das, Governor, Reserve Bank of India

Ecomony: RBI ups policy rate to 5.40% to contain inflation

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced the rise of policy rate or repo rate by 50 basis points (bps) to 5.4 per cent.

Aug 5, 2022

Stock markets: Domestic indices end flat, Sensex closes above 58,000

Domestic benchmark indices ended flat on Tuesday after rising for four consecutive sessions due to multiple negative global cues.

Aug 2, 2022

Pakistan again on the path of a political crisis; here's how [details]

Pakistan is heading towards an unavoidable political crisis after the thumping victory of Imran Khan's Pakistan Tehreek-e-Insaf (PTI) in the recently held by-election in Punjab province. Out of the total 20 provincial seats, PTI won 15 seats in the home turf of Pakistan Muslim League (PML-N), which could secure only four seats.

Jul 31, 2022

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