India's RBI sells dollars to support rupee before market open, traders say
The Reserve Bank of India likely sold U.S. dollars before the local spot market opened on Friday to support the rupee, ...
India's forex reserves slump to 10-month low amid sliding rupee
India's foreign exchange reserves extended their losing streak for a sixth straight week and stood at a 10-month low of ...
India's central bank to judiciously handle FX reserves amid headwinds, sources say
India's central bank will be more judicious in its use of foreign exchange reserves to mitigate domestic currency market ...
India central bank to conduct daily variable rate repo auctions amid tight liquidity
India's central bank said on Wednesday it will conduct variable rate repo (VRR) auctions on all working days until further ...
Reserve Bank of India rolls out steps to boost Rupee power overseas
The RBI now allows banks to open rupee accounts at overseas branches for non-residents to facilitate rupee ...
India's forex reserves dropped by $8.714 billion to $625.871 billion, RBI reports
India's forex reserves dropped by USD 8.714 billion to USD 625.871 billion in the week ended January 10, the RBI said on ...
Non-bank lenders form priority sector lenders’ body to plug MSME loan shortfall
According to iSPRIT, the goal of PLSAI is to ensure that credit to micro, small, and medium enterprises (MSMEs) can double to ...
HSBC India gets RBI approval to open 20 new bank branches in key cities [List of key cities]
HSBC India on Thursday announced that it has received approval from the Reserve Bank of India (RBI) to open 20 new bank ...
Surprise Asian Central Bank Moves Show Impact of Dollar Rampage
A surprise interest-rate cut in Indonesia and signs the Reserve Bank of India may be willing to loosen its tight grip on the ...
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A PMLA court granted bail to Amar Mulchandani, ex-chairman of Seva Vikas Bank, due to his severe health issues and trial delays in a ₹429.57 crore fraud case.
India's forex reserves fall to $625.87 billion, down by 8.714 billion as of January 10
India's foreign exchange reserves decreased by $8.714 billion to $625.87 billion for the week ending January 10, 2025, ...
India's inflation slows to lower-than-expected 5.22% in December, boosting case for rate cuts
The softer inflation reading for December offers more room to the RBI to cut rates, amid slowing growth in the country. India's economy expanded by just 5.4% in its second fiscal quarter ending ...