Rupee appreciates by 33 paise to close at 82.42 against US dollar The rupee appreciated by 33 paise to close at 82.42 (provisional) against the US dollar on Thursday, as positive macroeconomic data strengthened investor sentiments. At the interbank foreign exchange market, the local unit opened at 82.54 against the US dollar and settled at 82.42 (provisional), up ...

Reserve Bank to conduct 14-day VRRR auction worth Rs 2 trillion today RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8% RBI MPC: Here is what experts have to say about the policy announcement MPC lowers projection for inflation, raises growth outlook a bit in FY24 RBI Monetary Policy: Repo rate up by 25 ...

Citi India, ISDM launch CIFSI to enhance research on innovative financing Citi India and Indian School of Development Management (ISDM) on Thursday announced the launch of the Centre for Innovative Finance and Social Impact (CIFSI) to enhance research on innovative financing. The centre in the national capital will help in raising dialogue among public and private stakeholders to ...

Himachal collected Rs 1,004 cr tax in this fiscal till May 31: Official The Department of State Taxes in Himachal Pradesh has collected Rs 1,004 crore in this fiscal till May 31 against Rs 890 crore collected during this period in the last fiscal, registering a growth of 13 per cent in the first two months of 2023, Commissioner ...

Rising risk appetite may affect some Banks’ credit profiles: Fitch India’s green bonds show policy focus on climate mitigation: Fitch Ratings What is credit score? Why is it important? US AAA credit rating may be downgraded by Fitch on debt-limit impasse Indian banks’ NIM to contract in FY24 as deposit costs rises: Fitch Marginal pressure on banks next fiscal, net ...

GST collection rises 12% to Rs 1.57 trillion in May: Finance ministry GST collection in May rose 12 per cent to Rs 1.57 trillion, the finance ministry said on Wednesday.   The gross Good & Services Tax (GST) revenue collected in the month of May, 2023 is Rs 1,57,090 crore of which Central GST is Rs 28,411 crore, State GST ...

All questions answered about Rs 2,000 notes A non-account holder also can exchange Rs 2,000 notes up to a limit of Rs 20,000 at a time at any bank branch. Even though the central bank has said that ID proof is not needed for exchanging notes, several private banks are asking customers for it and fill a special form or ...

Interest rates on fresh term deposits and loans dip in April, shows data Private banks slower than public sector banks in raising interest rates Banks increase deposit rates on tight liquidity, high credit growth In a U-turn, outstanding NRI deposits rise in October, shows RBI data How banks’ lending rates have gone up faster than deposit rates State Bank of ...

NFRA slaps Rs 1.10 cr fine, imposes ban on two auditors, one audit firm The National Financial Reporting Authority (NFRA) has imposed a ban as well as penalties totalling Rs 1.10 crore on three entities, including two auditors, for alleged professional misconduct in connection with the audit of Giri Vidhyuth (India) Ltd for 2019-20. Giri Vidhyuth (India) Ltd ...

BOB Financial opens up its entire RuPay Credit Card base for linking on UPI BoB Credit Card customers can now use their RuPay Credit Cards on UPI with BHIM and other UPI-enabled Apps, BOB Financial Solutions Ltd (BFSL) said on Wednesday. BFSL is a wholly owned subsidiary of Bank of Baroda, and National Payments Corporation of India (NPCI). ...