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RBI CURRENCY NOTES CLARIFICATION
New Rs 10, Rs 20 & Rs 50 notes to run short before Diwali? PIB Fact Check debunks viral RBI circularA viral WhatsApp message claiming that new Rs 10, Rs 20 and Rs 50 notes may be in short supply ahead of Diwali has been debunked by PIB Fac...- Razorpay gets final Gift City licence to expand cross-border paymentsRazorpay has attained a payment service provider licence from the International Financial Services Centres Authority. This licence allows t...
- Rupee falls 21 paise to 94.97 against US dollar in early tradeIn the early hours of trading, the rupee fell by 21 paise to 94.97 against the US dollar, influenced by a firmer dollar along with local ma...
- Bank loans against fixed deposits surge 53% to Rs 2.17 lakh crore on FCNR-B leverage playBy the close of September, loans against fixed deposits experienced a striking 53% year-on-year spike, reaching Rs 2.17 lakh crore. The dem...
- India’s forex reserves fall $1.2 billion to $719.74 billion as of October 24India’s foreign exchange reserves fell by $1.2 billion to $719.74 billion in the week ended October 24, according to the RBI. The decline f...
- Rupee rises 33 paise to close at 94.93 against US dollarThe rupee closed at 94.93 against the US dollar, marking a gain of 33 paise. Positive trends in domestic markets contributed to this improv...
- Rupee rises 7 paise to 95.19 against US dollar in early tradeThe rupee appreciated by 7 paise, settling at 95.19 against the US dollar, influenced by a declining dollar. Brent crude's lower trading pr...
- GST clarification on foreign investor brokerage offers sentiment boost, analysts sayThe Indian government has clarified that brokerage paid by overseas clients may qualify as an export service. This could help foreign inves...
- Rupee edges up to 95.11 against dollar on likely RBI interventionOn Tuesday, the Indian rupee experienced a slight strengthening to close at 95.11 against the dollar. This change occurred despite rising o...
- GST registration gets easier as CBIC drops Udyam proof, sets seven-day limit for approvalsThe Central Board of Indirect Taxes and Customs has issued clarifications regarding GST registration requirements for businesses. Companies...
- Resist temptation to defend ₹ at any cost: Raghuram Rajan cautions India against excessive use of forex reservesRaghuram Rajan said India should avoid aggressively defending the rupee amid the current depreciation spree, stressing that a weaker rupee ...
- New Rs 1,000 note with temple image in India? Govt clarifies on viral claimImages of a purported Rs 1,000 yellow currency note have circulated on social media recently. Claims state that the note is new or will be ...
- Rupee slips below to 95.18 against dollar on elevated oil pricesOn Monday, the Indian rupee dropped to 95.18 against the dollar amid rising oil prices. Importer demand for dollars continued, despite incr...
- Wary of RBI, banks back off from forex dealsThe banks, using the easy rupee liquidity created after the inflow of deposits from the diaspora, bought dollars and invested the funds in ...
- India bonds give up gains as high oil prices weighIndian government bonds declined on Monday due to rising oil prices affecting market sentiment and the rupee. The rupee fell for the third ...
- Central Bank of India clarifies all accounts are safe after reports of 187 unauthorised transactions worth Rs 13.97 croreIn a recent statement, the Central Bank of India reassured customers that a technical issue with its RTGS server did not compromise account...
- Rupee falls 5 paise to 94.98 against US dollar in early tradeIn early trading, the rupee was priced at 94.98 against the US dollar, slipping by 5 paise primarily due to high crude oil rates and ongoin...
- Banks seek relief from sustainable lending norms for FCNR(B) loansBanks have approached the International Financial Services Centres Authority regarding sustainable lending targets for international bankin...
- RBI does not target any specific Rupee level, focuses on curbing volatility, says Governor Sanjay MalhotraReserve Bank of India (RBI) Governor Sanjay Malhotra on Friday said the central bank does not target any specific exchange rate or level fo...
- Rupee snaps eight-day rally as oil climbs to highest since MayThe Indian rupee ended its eight-session-long winning streak, closing down 0.4% at 94.8175 per dollar. Concerns over escalating oil prices ...
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