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ALPANA KILLAWALA
Mumbai's 240-year-old St George’s tunnel could be used by robbers: RBIA Mirror team had photographed the over 240-year-old underground passage in June 2010. Until then, its existence had not been reported.- New dawn for RBI rupee policy? Lack of intervention leaves traders surprisedIndia’s currency capped a seventh weekly gain Friday, the longest run since October 2010, with its 4.3% rally over the period being Asia’s ...
- Indian cos turn a blind eye to hedging risks amid RBI’s efforts to stabilise rupeeThe unhedged foreign-exchange exposure of local corporates and investors combined rose $78 billion between Apr 2014 and Sept 2016, calculat...
- How the rallying rupee is proving to be RBI’s insurance policy for tough timesThe current rupee levels provide a great opportunity to buy dollars and build reserves just in case depreciating rupee pressures return, sa...
- Traders displeased over RBI's neutral policy as bond volatility jumps fivefold“You can’t move a car from third gear to neutral,” said Lakshmi Iyer, Mumbai-based chief investment officer for debt at Kotak Mahindra Asse...
- Two variants of new Rs 500 note surface, RBI says printing defect due to rushThere have been at least three case studies, if not more, till now where the new notes have been found to vary from one another.
- RBI intervention brakes rupee near record low amid $2.7 billion in outflowsWith a Federal Reserve interest-rate increase next month all but a certainty for bond traders, the rupee has slumped 2.5 per cent in Novemb...
- RBI's Patel doing his best to keep the good times rolling for rupee, and how!The decline in India’s foreign-exchange reserves took the hoard to $367.6 billion, from an all-time high of about $372 billion in the week ...
- Rajan planted 'a time bomb' in the financial system that will explode in December: Subramanian SwamySwamy, who had last month written twice to the prime minister seeking ouster of Rajan for keeping interest rate high, took to Twitter to cr...
- 160 million currency notes of Re 1 issued in last two years: RTIThe limited number of one rupee notes would not stay in circulation anyway, as anyone getting them is likely to keep it as a collector's it...
- RBI slashes repo rate by 25 bps to 7.75 per cent with immediate effectRBI cited lower-than-expected inflation, weak crude prices & weak demand, as well as the government's commitment to sticking to a fiscal de...
- RBI query on temples' gold stocks sparks protest in KeralaKerala is not only home to some of the richest temples in the country but they are also sitting on hundreds of tonnes bullion.
- First Sharia-based NBFC to open in Kerala after RBI nodOutgoing Governor Duvuuri Subbarao, who is retiring on September 4, had earlier said that Islamic banking was not possible in the country.
- RBI offers its officers flexible work timingsThe new scheme is valid for officers from grade B, the base rung, to grade F, the highest level across India.
- US government likely to sell many of its real estate properties in IndiaUS government has hired Knight Frank to carry out a valuation and strategic review of all its real estate properties in India as a possible...
- PayPal gets RBI nod to resume payment processing for exportersInternet-based money transfer service Paypal has resumed remittances to small-time exporters who will now have to report them as export rev...
- Banks look to clip free use of rivals' ATMsConsumers are miffed at impending restrictions on free use of 3rd party ATMs. Online security for credit cards? | Managing credit card | Un...
- Banks should be upfront about all their chargesMost consumers are unaware that banks levy a lower charge on cheques returned due to non-financial reasons than for reasons like insufficie...
- RBI phasing out old Rs 1,000, Rs 500 notesThe Reserve Bank is phasing out old currency notes in the denomination of Rs 1,000 and Rs 500 of 1996 series and replacing them with new on...
- RBI puts on hold UBS bank license pending investigationThe RBI has put on hold its permission to the Switzerland-based UBS Bank to open a branch in India as the Enforcement Directorate is probin...
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