Rupee registered an all time low with a 5 paise drop against the US dollar during early trade on Friday, squeezed by foreign fund outflows and a flat performance in domestic equities.Rupee opened at 84.32 against the greenback at the interbank foreign exchange and then fell to 84.37.The US Fed Reserve’s decision to reduce its…
NEW DELHI: Indian rupee on Thursday closed near to a record low against the US dollar, which was recorded at at 84.0750 per dollar, nearly unchanged from its Wednesday close of 84.0775. Due to a public holiday, the Indian currency market will be closed on Friday.The rupee briefly touched an all-time low of 84.0950 on…
Representative image Gold continues to shine despite the record-high prices. The yellow metal prices saw an increase of 24 per cent this year but buying interest is still high amid volatile markets and geopolitical challenges, according to a report by Religare. Buyers however are cautious given the economic backdrop. Gold has long held a special…
NEW DELHI: The Centre will have to decide on four key appointments in as many months, starting with a replacement for G S Murmu, whose term as Comptroller and Auditor General is due to end in November. A trusted Modi government bureaucrat is likely to bag the coveted assignment to keep a watch over the…
The Reserve Bank of India (RBI) has banned four non-banking financial companies (NBFCs) to cease and desist from sanction and disbursal of loans, effective October 21, 2024. The NBFCs include Asirvad Micro Finance, Arohan Financial Services, DMI Finance Private and Flipkart founder Sachin Bansal’s Navi Finserv.In a statement, the central bank said that the “action…
MUMBAI: The new external members of RBI‘s monetary policy committee, who are likely to be appointed by govt this month, are set to face new risks to growth – evident in macroeconomic numbers.RBI governor Shaktikanta Das noted some external risks to growth in a recent speech at a Bretton Woods event in Singapore. Besides Das,…
September 2024 bank holidays: Are banks closed for Onam? In India, all banks, including cooperative, rural, regional, private, and public-sector banks, are closed on the second and fourth Saturdays of each month, as per the Reserve Bank of India (RBI) guidelines. Additionally, banks remain closed on all Sundays and on national and regional holidays.September 14,…
Bank Holidays September 2024: In September 2024, banks across various states in India will remain closed for a total of 15 days, including the second and fourth Saturdays as well as Sundays. The Reserve Bank of India (RBI) publishes a monthly list of bank holidays to help customers plan their banking activities and avoid any…
Representative Image Domestic gold prices have risen by 10 per cent on a year-to-date basis on the back of the strength in global gold prices, which have surged by 18 per cent year-to-date, driven by robust central bank purchases, heightened geopolitical risks, and growing expectations of a monetary policy pivot from the US Federal Reserve,…
NEW DELHI: The Reserve Bank of India on Tuesday announced that the RBI Governor Shaktikanta Das has received an “A+” rating in the Global Finance Central Banker Report Cards 2024 for the second consecutive year.According to a statement released by the Global Finance Central Banker Report Cards 2024, the central bankers who have earned an…
