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RBI issues operational framework for reclassification of FPI to FDI

Finance

11 November, 2024

RBI issues operational framework for reclassification of FPI to FDI

India's central bank on Monday released an operational framework for reclassifying equity investments made by foreign portfolio investors (FPI) that ......

Rupee ends at fresh record low but fares better than regional peers

Economy

23 October, 2024

Rupee ends at fresh record low but fares better than regional peers

The Indian rupee slipped to its weakest closing level on record on Wednesday pressured by a buoyant dollar but the ......

Sachin Bansal's Navi withdraws bond sale days after RBI action

Finance

21 October, 2024

Sachin Bansal's Navi withdraws bond sale days after RBI action

Navi Finserv has withdrawn a planned bond sale scheduled for bidding on Monday, the firm said, days after the country's ......

Rupee ends at fresh record low amid fresh equity outflows

Economy

18 October, 2024

Rupee ends at fresh record low amid fresh equity outflows

The Indian rupee hit its all-time low on Friday pressured by equity outflows but managed to avert a sharp fall ......

RBI bars Sachin Bansal's Navi, PE-backed Arohan, DMI Finance from issuing loans

Finance

17 October, 2024

RBI bars Sachin Bansal's Navi, PE-backed Arohan, DMI Finance from issuing loans

The Reserve Bank of India said Thursday it has barred four non-banking finance companies (NBFCs) from sanctioning and disbursing loans ......

RBI holds rates as expected, shifts stance to 'neutral'

Economy

09 October, 2024

RBI holds rates as expected, shifts stance to 'neutral'

The Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday as widely expected, but changed its ......

Rupee ends lower despite rise in most Asian peers; US Fed chair's remarks in focus

Economy

26 September, 2024

Rupee ends lower despite rise in most Asian peers; US Fed chair's remarks in focus

The Indian rupee closed weaker on Thursday as importer and interbank dollar bids outweighed cues from a rise in most ......

Rupee ends flat, unable to benefit from rise in Asian peers

Economy

26 August, 2024

Rupee ends flat, unable to benefit from rise in Asian peers

The Indian rupee closed nearly flat on Monday, as dollar demand from importers and foreign banks offset early gains driven ......

Rupee logs worst single-day fall in almost two months

Economy

21 August, 2024

Rupee logs worst single-day fall in almost two months

The Indian rupee dropped on Wednesday to log its worst single-day performance in nearly two months as dollar demand from ......

Rupee continues to hover around 84/$ mark amid volatility

Finance

14 August, 2024

Rupee continues to hover around 84/$ mark amid volatility

The Indian rupee ended nearly flat on Wednesday as U.S. dollar demand from importers and foreign banks eroded the currency's ......