The Indian rupee posted its biggest one-day gain in a month on Monday as central bank intervention helped it rebound from near its all-time low, even as traders expect the currency to tilt more towards depreciation in the near-term. The rupee ended at 89.23 against the U.S. dollar, up 0.3% from its close at 89.48…
Mumbai: The near-term trajectory of the rupee hinges on the expected trade deal with the US. The rupee is seen appreciating if a positive trade deal materialises soon, but further delays could signal a downside. Economists expect the rupee to appreciate by 100-150 paise from current levels to 88/$1 in the event of a positive…
Mumbai: Several economists, citing record low consumer inflation, have urged the Reserve Bank of India (RBI) to consider reducing policy rates in the upcoming December assessment. They conveyed this view during the two-day pre-review consultations that concluded on Wednesday. A cut in the repo rate now would boost growth in the months to come without…
Foreign investors increased their exposure to Indian government bonds in October by the most of any month so far this financial year, the latest data showed on Monday. Investors net purchased Indian government bonds under the Fully Accessible Route category worth 134 billion rupees ($1.5 billion) last month, the highest monthly inflow since March, according…
Small finance banks have approached the Reserve Bank of India with key requests. They want the regulator to ease a rule requiring half their loans to be under ₹25 lakh. They also seek permission to participate in co-lending arrangements. These changes aim to help SFBs expand their reach and serve more businesses, particularly MSMEs. Source…
Mumbai: India’s benchmark indices began Samvat 2082 on a positive note, closing higher for the fifth straight session at the end of the special one-hour Muhurat trading on Tuesday. This new year will deliver double-digit returns, compared with the subdued performance of the past one, aided by ample liquidity, consumption growth and hopes of a…