In order to expand payment options for Indians travelling abroad, the Reserve Bank of India governor decided to allow issuance of RuPay Prepaid Forex cards by banks in India for use at ATMs
Selective rate sensitive stocks may rise up to 12 per cent
The Nifty Bank, Nifty Financial, Nifty Private and Nifty PSU Bank indices were up 0.35 - 0.51 per cent, while Nifty Realty and Nifty Auto indices were down 0.10 - 41 per cent .
The lowest rates being offered in the home loan market today are in the 8.40 to 8.50 for eligible borrowers.
RBI Monetary Policy: The rate-setting committee decided to continue with its stance of 'withdrawal of accommodation'
RBI policy: Shaktikanta Das will announce the MPC decision today at 10 am
The withdrawal process, which started on May 23, will continue until September 30, 2023
Buying by FPI sustains sentiment; strong market breadth, with 2,259 stocks gaining, 1,302 declining on BSE. Four-fifths of Sensex stocks gain
The EBLR serves as a benchmark rate that determines the interest rate applicable to the loan. So, with the hike in repo rate, all existing home loans on floating rates of interest became expensive.
For foreign investors, there is a good opportunity to buy Japan, Korea and Taiwan in the Asian region, he said in this exclusive interview on the sidelines of the Morgan Stanley India Investment Forum
A change in stance could be inferred by the markets as a definite sign of rates peaking
Central bank communication will be crucial
The withdrawal of the Rs 2,000 note will likely result in a spurt in liquidity. How are the subsequent changes likely to impact you? Read more to find out
Reserve Bank of India (RBI) has said that domestic economic activity does face challenges from an uninspiring global outlook going forward
How can you exchange Rs 2,000 notes? How will withdrawal of Rs 2,000 notes affect the economy? Is withdrawal of Rs 2,000 notes positive for bank stocks? What is RBI's clean note policy? Answers here
The Central Bank introduced Rs 2,000 note in 2016 but stopped printing fresh notes by 2019. Now, under the 'Clean Note Policy', the note has been completely withdrawn. Here's all you should know about
In 2016, Rs 500 and Rs 1,000 notes made up over 86% of the money in circulation. This time around, Rs 2,000 notes make up a relatively small part of the total money in circulation
Since April, in past one-and-half months, the S&P BSE Realty index has rallied 21 per cent, as compared to 5.8 per cent rise in the S&P BSE Sensex.
On May 5, WHO announced the end of the global health emergency triggered by Covid pandemic. How did the Reserve Bank fare during this period that changed the ways of the world?
The impact of the recent unseasonal rain and hailstorms, however, needs to be watched