Page 136 - Finance News

Govt to repurchase Rs 20,000 crore bonds in RBI auction on Thursday

Tight liquidity conditions in the banking sector, influenced by foreign exchange market interventions, government cash flow fluctuations, and currency leakage, have exacerbated the deficit

BCRC seeks RBI nod for five-day week, looks to attract skilled workforce

"While our dedication remains unwavering, this continuous seven-day schedule is proving unsustainable in the long run," the BCRC said in its submission to the central bank

Sikkim CM Tamang seeks 'tailored' support from Finance Commission

The full team of the 16th Finance Commission, led by its chairman Arvind Panagariya, met the Sikkim chief minister at the state secretariat

Higher bulk deposit reliance signals structural liquidity risks: RBI dy Guv

Outstanding Certificate of Deposit issuances highest since 2012

Rupee rises 5 paise to 86.55 against dollar on decline in crude prices

Forex traders said the rupee is likely to trade within a volatile range of 86.20-86.80 ahead of key events in the global and domestic economic landscape

New RBI rules mandate stricter oversight on ARC-borrower settlements

As per the new guidelines, every Asset Reconstruction Company must establish a Board-approved policy that governs the settlement of borrower dues

Budget 2025: Decoding tax and non-tax revenue and why they matter

As the Union Budget 2025 approaches, it is crucial to understand how the government earns its revenue from taxes and non-tax sources. Here's a breakdown

Rupee rises 14 paise to 86.46 against US dollar in early trade today

At the interbank foreign exchange, the rupee opened at 86.48 and touched 86.46 against the greenback, registering a gain of 14 paise over its previous close

Finance Ministry dept to meet business correspondents, banks next week

Senior executives of banks to attend discussion; commissions and penalties for sector on agenda

Banks, fintechs embark on profitable pilgrimage at Maha Kumbh Mela

Amid a crisis in deposits, banks hope to leverage the biz opportunities, with state govt projections estimating that event could generate Rs 25,000 cr in revenue and a Rs 2 trillion economic spinoff

Rupee REER declines in December after November peak, shows RBI data

The REER is expected to have declined further in January 2025, said market participants

Rupee expected to appreciate a bit, to hover around 85-86 per US dollar

Rupee may not now see the level of 83 despite RBI's intervention and the Indian currency being more stable than others

RBI Guv's crafted statements boosted confidence during adverse times

The study highlighted that effective communication goes beyond being clear, understandable, and engaging

Outward remittances under LRS increase 3.6% in November: RBI data

In the September-November quarter of financial year 2025, Indians remitted $7.1 billion overseas, compared to $7.5 billion in the same period last year

Forex interventions proven to mitigate capital flow volatility: RBI report

It examined the effectiveness of the RBI's forex interventions and found that the primary driver of exchange rate volatility in India is the fluctuation in portfolio flows caused by global spillovers

RBI sold record $20.2 billion in November to back rupee amid FPI outflows

Forward book dollar deficit ballooned to $58.9 bn

Flows in NRI deposits up 71% in April-November 2024, shows RBI data

Total outstanding NRI deposits stood at $162.7 billion

Use '1600xx' number series to call customers for transactions: RBI to banks

Banks and other regulated entities (REs) have also been asked to monitor and clean their customer database

Rupee gains 3 paise to 86.58 against US dollar during early trade

Higher crude oil prices and volatile global trends failed to prevent the withdrawal of foreign funds from domestic equities

Fed rate cut prospects may boost rupee despite Trump-related concerns

Asian currencies were mostly higher, with the Chinese yuan ticking higher as the country's economic growth beat forecasts