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Nirmala Sitharaman calls for greater NRI outreach to boost foreign currency inflowsFinance Minister Nirmala Sitharaman urged banks to intensify outreach to non-resident Indians. Innovative deposit products and foreign curr...- RBI Deputy Guv pushes for meaningful, fair grievance redressalThe conference brought together IOs from across a representative spectrum of regulated entities including banks, non-banking financial comp...
- RBI deputy guv asks financial entities' ombudsmen to provide effective complaint resolutionReserve Bank Deputy Governor Swaminathan J urged internal ombudsmen to ensure fair complaint resolutions. He asked them to identify recurri...
- India's June retail inflation quickens to 4.38%, crosses RBI's 4% target after 17 monthsIndia's retail inflation reached 4.38 percent in June, exceeding the central bank's target. Elevated food and fuel prices contributed to th...
- Oil pangs resurface for rupee, options market gauge signals bearish biasOn Monday, the Indian rupee fell to its lowest level in over a month, driven down by rising oil prices amid escalating tensions between the...
- US Stock Market: Fed Chair Kevin Warsh unveils expert panels to overhaul US Central Bank policy frameworkFederal Reserve Chairman Kevin Warsh announced a comprehensive review of monetary policy. Five taskforces comprising prominent economists w...
- Rupee hits one-month low as renewed Mideast conflict lifts oil pricesThe Indian rupee reached its weakest point in over a month on Monday. Renewed Middle East hostilities and Iran's Strait of Hormuz claim sen...
- Global headwinds to cap rupee gains through 2026: ET PollThe Indian rupee is projected for a slight recovery in coming months. Economists anticipate the rupee will rise just above 94 to the dollar...
- Raghuram Rajan, Microsoft's Asha Sharma among Indian-origin appointees to US Fed review panelsUS Federal Reserve appointed Indian-origin experts for policy review. Raghuram Rajan and Raj Chetty will join task forces. Asha Sharma will...
- Forex reserves rise $7.3 billion as FCNR & ECB flows pick upThe country's stockpile of assets denominated in foreign currencies rose $7.26 billion to $674 billion in the week ended July 3, the latest...
- Bank credit growth at two-year high at 18.6% as debt market turns costlierBank credit expanded significantly in the fortnight ending June 30. Deposit growth also showed a healthy increase during the same period. T...
- India's forex reserves rise $7.26 billion to $674.19 billion in week ended July 3India's foreign exchange reserves saw a substantial rise of $7.26 billion. These reserves reached $674.19 billion in the week ending July 3...
- RBI is right to act on digital payment fraud. But some safeguards need sharper designCyber fraud complaints and losses are increasing significantly in India's digital payment system. The Reserve Bank of India has proposed ne...
- Rupee little changed as traders tread gingerly with eye on oil, dollarThe Indian rupee traded narrowly on Friday, supported by a softer dollar and stable oil prices. Asian currencies and regional stocks saw ga...
- US Fed appoints Marc Andreessen to co-lead productivity, jobs task force to assess economic impact of new technologiesThe US Federal Reserve has formed five task forces to modernize its monetary policy framework. Marc Andreessen will co-lead a task force ex...
- Bank credit growth to ease as corporates tap bond markets, overseas funding: CareEdgeBank credit growth is expected to moderate gradually in the upcoming fiscal year. Large corporations will increasingly use domestic bond ma...
- State Bank of India draws over $1.5 billion in forex depositsState Bank of India has raised over $1.5 billion from overseas citizens. This program offers attractive returns due to Reserve Bank of Indi...
- India's US Treasury holding hits a 6-year low amid gold pushIndia's US Treasury holdings dropped to $181 billion in April. This reduction reflects a strategic shift in foreign asset diversification b...
- RBI to conduct Rs 25,000-cr overnight variable rate repo auction on Jul 8The Reserve Bank of India is set to hold an overnight variable rate repo auction on July 8, offering Rs 25,000 crore. This auction aims to ...
- Indian banks slash short-term debt sales on cheaper forex fundingIndian banks are significantly reducing their reliance on short-term debt sales, known as certificates of deposit (CDs). This shift is driv...
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