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Rupee hits record low, pressured by strong NDF dollar bids; RBI likely steps in
The Indian rupee weakened to an all-time low on Friday, hurt by persistently strong dollar demand in the non-deliverable forwards (NDF) market while likely intervention by the Reserve Bank of India (RBI) capped the currency's losses.
Rupee hits record low against US Dollar, weakens past 85.50 mark
With the fall, the INR has broken below the psychologically key level of 85.50 for the first time, weakening for a ninth day in a row.
Rupee remains under pressure, hits record low of 85.28 vs $
The rupee continues to weaken against the dollar, hitting a record low of 85.26 due to elevated dollar index levels and cautious foreign institutional investors. The currency struggles with recovery amid global economic uncertainties and domestic macroeconomic challenges,
4h
on MSN
What RBI has in store for banks and NBFCs: New regulation, lens on unsecured loans
The RBI report on banking trends and progress shows health of India’s banking system remained robust, with banks’ ...
15m
Don’t paint all of them with RBI’s brush: 7 stocks in the financial services sector with upside potential of up to 51%
Once again the RBI has issued warnings to banks and NBFCs to mend their ways. It is not the first time this has happened, nor ...
The Financial Express
2h
Will RBI block your bank account? Here’s what you need to know
Does RBI contact the public through unsolicited phone calls or emails to intimidate them regarding their bank account getting ...
Swarajya
49m
Banks' Gross Non-Performing Assets Hit 13-Year Low; Agriculture Sector Reports Highest GNPA, Retail Loans Lowest: RBI
According to a report released by the Reserve Bank of India (RBI) on Thursday (26 December), the ratio of gross ...
1h
Ethical use of AI in financial sector: RBI sets up Committee, Prof Pushpak Bhattacharyya appointed chairperson
The Reserve Bank of India (RBI) has set up a Committee to develop a Framework for Responsible and Ethical Enablement of ...
devdiscourse
20h
RBI's Alarming Spike in Banking Frauds: A Wake-up Call for the Financial Sector
Recent RBI data highlights a concerning surge in bank frauds in India, with cases spiking significantly in the current fiscal ...
2h
RBI highlights NBFCs' high dependence on banks, calls for diversified funding
The Reserve Bank of India (RBI) has highlighted the need for Non-Banking Financial Companies (NBFCs) to diversify their ...
12m
Personal Loans and Services Sector are key drivers of banks credit growth: RBI
The Reserve Bank of India (RBI) has highlighted that bank credit growth in 2023-24 has been broad-based, with the personal ...
3h
Singh’s contributions as architect of India’s economic reforms have left indelible mark: RBI Governor
RBI Governor praises Dr. Manmohan Singh's economic reforms, highlighting his legacy as a visionary economist and former Prime ...
Press Trust of India on MSN
1h
Manmohan Singh's reforms for our economy have left indelible mark: RBI Guv
Manmohan Singh's contributions as the architect of India's economic reforms have left an indelible mark, RBI Governor Sanjay ...
cio.economictimes.indiatimes
3h
RBI announces 'FREE-AI' committee to develop AI framework
The Reserve Bank of India has formed an eight-member panel called FREE-AI, led by Pushpak Bhattacharyya of IIT Bombay, to ...
Global Finance
16h
Sanjay Malhotra Takes Charge As RBI Governor
The Reserve Bank of India (RBI) has had 25 governors to date. Notably, 14 of these governors were civil servants. In recent ...
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