Indian Central Possibly Dousing Inflation via Rupee Gain
The Indian Central bank has mentioned that a firmer currency will accommodate the imported inflation, indicating it could be used to withstand rises in the rupee as...
Tag : Reserve Bank Of India
Gold Prices Jump, Overall Still Down Rs 5000 in This Month’s High
On Friday witnessed a sharp rise in both gold and silver prices domestically, in tandem with a rally in international rates. MCX revealed that October...
Rupee Posts Biggest Weekly Gain Against US dollar in 20 Months
The Indian rupee rose to its highest level in nearly six months on Friday, gaining for a third straight session as foreign investors piled into domestic equity...
HDFC Bank Sought Loan Details by Reserve Bank
HDFC Bank has been asked to provide details of an internal investigation into allegations of improper lending practices in its vehicle-financing operation, said people familiar with...
Indian Rupee Rises to 74.73, Gains 18 Paise Against Dollar
The dollar index – which measures the greenback against six currencies – fell as much as 0.21 per cent on Tuesday. At the interbank forex...
State Bank of India Extends Gains from Friday
Shares of State Bank of India (SBI) extended gains on Monday, rising 5.3 per cent, as the lender reported a surge in its March quarter net profit...
Air India Employee Unions Seek Rs 50K Crore Financial Package
A joint forum of Air India employees and staff unions has sought a Rs 50,000 crore financial succour from the government for the national carrier,...
RBI Announces Rs 50K Cr Lifeline for Mutual Funds
To ease liquidity pressures on mutual funds, Reserve Bank of India today announced a special liquidity facility of Rs 50,000 crore for mutual funds. Indian...
Muthoot Fincorp to Resume Money Transfer Services
Muthoot Fincrop will resume its operations in a limited manner by providing only money transfer services for its customers. The company will be opening select...
IndusInd Bank Taps CPPIB, GIC to Raise $500 Million
IndusInd Bank and its promoter the Hinduja Group have initiated talks with sovereign wealth funds and pension funds, including Canada’s CPPIB and Singapore’s GIC Pte...