Page 110 - Finance News

Rupee rises 14 paise to 86.50 against US dollar during early trade

Forex traders said rupee is expected to trade with a slight negative bias on weak domestic equities and foreign fund outflows

RBI weighs some relief for New India Co-op Bank depositors: Report

The RBI, along with the lender's administrator, will require depositors to prove the emergency, one of the sources said

Net ECB borrowings up threefold to $15.6 billion in April-December 2024

According to Reserve Bank of India (RBI) data, gross disbursements to Indian entities through the ECB route rose to $36.6 billion in April-December 2024, up from $26.1 billion in April-December 2023

FinMin to meet heads of PSBs on Mar 4, to review financial performance

The meeting is scheduled to be chaired by Financial Services Secretary M Nagaraju

After Tuesday fall, rupee rises 33 paise to close at 86.65 against dollar

At the interbank foreign exchange, the rupee opened at 86.88 and touched the high of 86.58 and a low of 86.88 against the greenback during intraday

Govt extends Chief Economic Adviser Nageswaran's term until March 2027

Nageswaran was appointed to the position in 2022 and has also served as a part-time member of the economic advisory council to the prime minister from 2019 to 2021

Rupee performed well due to strong forex reserves, says Piyush Goyal

He also said that a skill development centre and a startup incubation centre will come up at AURIC

Google Pay begins charging fee for bill payments via credit, debit cards

The newly introduced fee ranges from 0.5 per cent to 1 per cent of the transaction value, in addition to the applicable GST

Rupee appreciates 19 paise to 86.79 against US dollar in early trade

Forex traders said there is a negative bias for the USD/INR pair amid a muted trend in domestic equities and the unabated foreign fund outflow is weighing on investor sentiments

Citi India to buy $1 bn of asset-backed securities amid slow deposit growth

Private banks have historically been rare in the market, but have begun tapping it or exploring deals amid regulatory pressure

Ukraine peace deal to give modest lift to currencies, predicts JPMorgan

JPMorgan added that it was keeping a neutral or "market weight" stance on Ukraine's government bonds until there was more clarity on the details of a peace deal

Flows in NRI deposits up 43% to $13.33 bn in April-December 2024: RBI

The total outstanding NRI deposits as of the end of December 2024 stood at $161.8 billion, the latest data released by RBI showed

Outward remittances under LRS drop 10% to $22.82 bn in 9MFY25: RBI

Outflows under the scheme were impacted by deposits, maintenance of close relatives, and the international travel segment, among others

RBI article signals economic momentum rise in H2FY25 amid strong demand

The central bank said the views expressed in the article are of the authors and do not represent the views of the Reserve Bank of India

RBI should focus on liquidity if it wants to support growth: Mishra

Mishra's comments come at a time when the banking system liquidity has been in deficit for the last nine weeks

Weighted moves: RBI's shock therapy restores stability to the forex market

The Indian currency's rapid fall from 85 to 86 in just 16 days, and from 86 to 87 in another 15 days, highlights the volatility in the foreign-exchange market during those months

RBI launches 'RBIDATA' app to offer access to economic, financial data

The mobile app offers macroeconomic and financial statistics relating to the Indian economy in a user-friendly and visually engaging format

Supreme Court seeks govt response on NFRA's 'division of functions'

The HC order of February 7 quashed show-cause notices issued by the auditing standards watchdog to audit firms, including Deloitte Haskins & Sells LLP and SRBC & Co LLP

Govt bond yields a tad down, traders stay put before key triggers

The benchmark 10-year yield was at 6.6859%, compared with its previous close of 6.6930%. Indian debt and foreign exchange markets are shut on Wednesday for a local holiday

Rupee declines 10 paise to close at 86.98 against dollar amid rise in crude

Elevated interbank dollar demand due to the maturity of positions in the NDF market weighed on the rupee alongside likely outflows from local stocks