Traveling ,Gardening & Finance
Traveling ,Gardening & Finance
The Indian rupee strengthened the most in seven months on Wednesday after the Reserve Bank of India aggressively sold dollars to support the currency. Stocks also gained. The RBI likely intervened at the 91/dollar level, buying $5 billion of dollars via a foreign-exchange swap on Tuesday. (Reuters) The rupee rose as much as 1%, the […]
HDFC Bank has got the Reserve Bank’s nod to hike its stakes in another private sector lender, IndusInd Bank, up to 9.5 per cent. The RBI approval has been granted with reference to the application made by HDFC Bank (Representative image/REUTERS) “We would like to inform you that the Reserve Bank of India (RBI) vide […]
State Bank of India has reduced its lending rate by up to 25 basis points to pass on to customers the benefit of the RBI repo rate cut announced last week. That makes loans cheaper for new and existing borrowers. The labour laws will lower EMIs for both existing and new borrowers whose loans are […]
Amid the delays of a trade deal between India and the United States, the Indian rupee continues the weaken and reached a record low of ₹90 per US Dollar (USD) on Wednesday, December 3. On Wednesday morning, the rupee weakened to a low of 90.13 for one US dollar, hitting below its previous all-time low […]
Hedging against the Indian Rupee’s weakness became costlier on Tuesday with the currency nearing the 90 mark, reflecting heightened concerns about further depreciation and expectations that the central bank may allow more exchange-rate adjustment. A man walks past a logo of the Reserve Bank of India (RBI) and the Indian Rupee inside the RBI headquarters […]
The Reserve Bank of India’s inflation forecasting model is coming under increasing scrutiny from economists after the central bank consistently overestimated price pressures this year, contributing to a hawkish policy approach. With India’s inflation remaining soft, the RBI likely missed an opportunity to take pre-emptive action in August and October, PMEAC member Soumya Kanti Ghosh […]
While there are a few national bank holidays in November 2025, a number of state-specific closures are worth noting, especially for professionals in finance, banking, insurance and related sectors. The Reserve Bank of India has issued a list of bank holidays in November 2025, but state-wise dates may vary. (Reuters) On the national front, the […]
India’s gold reserves crossed the $100 billion mark for the first time, according to the Reserve Bank of India’s latest forex reserves data, buoyed by a global gold price rally. The gold’s share in India’s forex reserves has almost doubled over the past decade—from below 7% to nearly 15%. (Bloomberg) RBI’s gold reserves rose by […]
The Indian Rupee (INR) has barely budged against the US Dollar (USD) over the past three weeks, prompting some traders to speculate that the Reserve Bank of India is once again tightening its grip on the currency. The RBI is keeping a close watch of the rupee’s movements and would take “appropriate steps” as warranted, […]
