by admin | Nov 3, 2022 | Business
[ad_1] Image Source : FILE Rupee vs US Dollar. Rupee falls: The rupee depreciated 8 paise to 82.88 against the US dollar in morning trade on Thursday after the US Federal Reserve raised interest rates and maintained a hawkish stance. At the interbank foreign exchange,...
by admin | Oct 31, 2022 | Business
[ad_1] Image Source : FILE PHOTO Representational image HighlightsThe use case for the pilot is settlement of secondary market transactions in government securities Nine banks have been identified for participation in the pilot RBI also said the first pilot of Digital...
by admin | Oct 29, 2022 | Business
[ad_1] Image Source : PIXABAY.COM. India’s foreign exchange reserves at new over 2-year low amid weak rupee. HighlightsInd’s forex reserves during week that ended on Oct 21 fell to new over 2-year low of USD 524.520 bn India forex reserves were at 528.367...
by admin | Oct 23, 2022 | Business
[ad_1] Image Source : AP REPRESENTATIONAL IMAGE HighlightsRussia’s Sberbank and VTB Bank got approval from RBI to facilitate foreign trade in rupee Both the Russian banks opened special vostro accounts in each of their Delhi branches The RBI is keen to promote...
by admin | Oct 20, 2022 | Business
[ad_1] Image Source : PTI Rupee falls 6 paise to all-time low of 83.06 against US dollar HighlightsThe rupee depreciated due to a stronger greenback overseas and unrelenting foreign fund outflows A sell-off in domestic equities and risk-averse sentiments weighed on...