COVID-19 Scare Drags Indian Rupee to Record Low
Indian rupee deepened losses, hitting record low after the country confirmed its first COVID fatality. Risk appetite took a beating, with panic selling across global...
Tag : Reserve Bank of India (RBI)
Yes Bank Tanks 30%, RBI Imposes Caps Withdrawal
Yes Bank’s shares slumped nearly 30 per cent touch a 52 week low of Rs 25.80 after Reserve Bank of India (RBI) imposed a moratorium...
Bank ATMs Starts Dispensing of Rs 500 Instead of Rs 2,000
Dispensing of Rs 500 notes more than Rs 2,000 have started by the bank, a gradual move seen phasing out of high denomination currency note....
Bank of Baroda Cuts MCLR Rates, EMIs to Get Cheaper
Bank of Baroda (BoB) has reduced the marginal cost of funds based lending rate (MCLR) on one year tenor by 10 basis points (bps). Bank...
RBI Buys Net $6.93 Billion in Currency Market in November
The Reserve Bank of India (RBI) bought a net $6.93 billion in the foreign exchange market in November, marginally below the $7.1 billion it had...
Rupee Hits One Month Low Crude Prices Jump
The Indian rupee weakened to hit a near one month low against the US dollar due to a spoke in crude oil prices amid escalating...
11.4 Lakh Transactions in First 8 Hours After RBI's 24X7 NEFT
Around 11.40 lakh transactions were settled in the first eight hours after widely-used NEFT was made operational on 24X7 basis, the RBI said. The RBI...
PMC Depositors Meet Maharashtra CM for Bank's Revival
The bank depositors of Punjab and Maharashtra Co-operative (PMC) met with Maharashtra Chief Minister Uddhav Thackeray at his residence Matoshree. “The Chief Minister has assured...
Bond Yields Hit Five-Month High as Inflation
The yield on the 10-year government bond hit a five-month high as hopes of rate cuts by the Reserve Bank of India (RBI) dimed after...
Ujjivan SFB Lists at 57% Premium to Issue Price
Ujjivan Small Finance Bank‘s shares made a bumper debut in the stock market, listing at Rs 58 on the BSE, a 56.76 per cent premium...
