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Rupee hits three-week low, traders wary about fall to 96/USD as RBI stands guardOn Wednesday, the Indian rupee hit its lowest point since late July, primarily due to high oil prices and sustained demand for the dollar. ...- FCNR(B) swap cost unlikely to have driven RBI’s early closure: SBI Research reportSBI Research said the cost of the RBI’s FCNR(B) swap facility is unlikely to have driven its early closure, estimating cumulative hedging c...
- Why did stock market fall today? Sensex slides 281 pts, Nifty closes below 24,300. 5 factors behind the declineIndian stock indices extended losses on Monday, with Sensex and Nifty declining. Broader markets bucked the trend, closing higher as crude ...
- Rupee falls 17 paise to 95.59 against US dollar in early tradeIn early trading, the rupee slipped by 17 paise against the US dollar as investor sentiment turned cautious following the Reserve Bank of I...
- How India's digital infrastructure opened global markets to Indian investorsIndian residents' outward remittances have significantly increased, reaching a record USD 31.73 billion by FY2023-24. Digital reforms and i...
- Gold rises on weaker dollar as inflation data cements rate-hold betsOn Friday, gold prices moved upward, signaling a positive outlook for the week. The precious metal received a boost from a weaker dollar an...
- FCNR (B) FDs offering up to 7.50% interest rate to NRIs, OCIs: These banks offer 6.25% or higher on depositsFCNR (B) interest rate: Government backing for FCNR (B) deposits greatly boosts returns for investors. Presently, banks are providing entic...
- Yen's slide to weekly loss prompts bets for another interventionThe Japanese yen is facing its steepest drop in three months, prompting traders to expect more government action to support its value. Key ...
- Hidden risks of FCNR (B) deposit investment and leverage: Why high interest rates may not tell the full storyFCNR(B) deposits have become attractive to investors looking for significant returns in US dollars, largely thanks to government hedging st...
- Dollar treads water as Fed hike bets pared on benign US inflationThe dollar's advance stalled on Thursday after benign U.S. inflation data emerged. Traders pared back bets for a near-term Federal Reserve ...
- Cupid shares jump nearly 9% in two days post Q1 earningsCupid shares gained 8.8% in two days after the company reported a threefold rise in Q1 FY27 net profit to Rs 44 crore, while revenue surged...
- Rupee falls 6 paise to 95.42 against US dollar in early tradeThe rupee experienced a six paise decline against the US dollar during early trade. Concurrently, Brent crude oil prices saw a sharp rise, ...
- Zero forex markup credit cards: Does it mean zero cost? Check this before your international travelPlanning an international trip? A 'zero forex markup' credit card promises savings, but hidden charges and fluctuating exchange rates can s...
- GOBARdhan Scheme can help reduce gas imports by $5 billion, says IBAThe GOBARdhan Scheme is expected to significantly reduce India's gas import bill. This initiative aims to convert organic waste into clean ...
- Sanjiv Goenka-led RPSG arm to acquire 1.4 GW solar projects from ReNew for Rs 4,859 croreIn a move that signifies a major leap towards sustainability, CESE Ltd, under the RP-Sanjiv Goenka Group, is acquiring six solar projects, ...
- Rupee anchored by central bank hand, traders watchful of oil ructionsThe stability of the Indian rupee was evident on Monday, thanks to the proactive measures taken by the central bank. State-run banks active...
- Lower real interest rates have not hurt deposit growth in India: SBI ResearchDeposit growth in India improved despite declining real interest rates, according to an SBI Ecowrap report. The report noted that deposit m...
- Rupee hits one-month closing high as oil slide outweighs RBI pauseOn Wednesday, the Indian rupee climbed to its highest point in a month, bolstered by a dip in crude oil prices that fueled early gains. Alt...
- HDFC Bank, ICICI Bank raise FCNR (B) interest rates: Depositors to get up to 6.25% rates on select tenures; check detailsHDFC Bank and ICICI Bank have raised FCNR(B) deposit rates by twenty-five basis points. This increase applies to select US dollar FCNR(B) d...
- Yen leaps after intervention, leaving the dollar bruisedThe yen surged significantly after authorities intervened in foreign exchange markets. This intervention followed a substantial yen-buying ...
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