G-Sec auction lands on underwriters’ books after 5 months; 10-yr yield up Government bond prices plunged with the yield on the 10-year benchmark paper increasing to a two-week high, as a large portion of a scheduled sovereign debt auction unexpectedly landed on the books of underwriters to signal weak demand, traders said Friday. The yield ...

Outward remittance in April-December almost equal to FY22 figure: RBI Outward remittances under the Reserve Bank of India’s (RBI’s) liberalised remittance scheme (LRS) continued its momentum in December, with Indians remitting over $2 billion during this period, latest data released by the central bank in its monthly bulletin showed. In the nine-month period between April ...

RBI net bought dollar in forex market for second month in December The Reserve Bank of India (RBI) net purchased $3.8 billion in the foreign exchange market in December 2022, marking the second consecutive month in which the central bank acquired dollars. The RBI bought $12.81 billion and sold $8.97 billion in the currency market in Dece­mber, data ...

India’s foreign exchange reserves post biggest weekly fall in 10 months The RBI’s foreign exchange reserves fell by $8.3 billion to $566.95 billion in the week ended February 10, marking the sharpest weekly fall since April 1, 2022. The reserves are at their lowest level since January 6, 2023. The fall for the second straight week ...

Monetary policy stance must remain disinflationary, says RBI report Following an unexpectedly sharp rise in the consumer price index (CPI)-based inflation in January, the state of the economy report of the Reserve Bank of India said inflation could be stubborn, and that the monetary policy stance needs to remain disinflationary, indicating that the central bank is unlikely to ...

Bankers highly optimistic about credit demand across sectors: RBI survey Bankers are “highly optimistic” about credit demand across all the main sectors in the short term, a RBI survey of lenders said on Friday. After sagging for the last two years, the non-food credit growth has been hovering above 15 per cent in FY23. ...

Moneyboxx cumulative disbursements reach Rs 440 crore till January Moneyboxx Finance Limited, a BSE-listed NBFC (non-banking finance company), has reached cumulative disbursements of Rs 440 crore up to January 2023, covering more than 26,000 borrowers across six states, with over 50 per cent of them being women entrepreneurs. The company is focusing on financial inclusion ...

India’s forex reserves post biggest weekly decline in over 11 months India’s foreign exchange reserves fell 8.3% in the week to February 10, logging its biggest decline in more than 11 months, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday. The reserves stood at a one-month low of $566.95 billion at the ...

PM Kisan Next Installment: PM Kisan 13th installment: These farmers may not receive next instalment, here’s why [ad_1] PM Kisan beneficiaries are waiting to receive their 13th instalment, which will be released anytime soon. Last week, Meghraj Singh Ratnu told PTI, “It has been made mandatory for the beneficiaries of the PM Kisan Scheme before February 10, 2023, .” According ...

Borzo, Symbo tie up to provide insurance to over 50,000 delivery partners Borzo (erstwhile WeFast), a global intra-city courier delivery service, has partnered with Symbo India Insurance Broking to provide medical insurance benefits to all its 50,000 delivery partners. Borzo delivery partners will have easy access to Symbo’s comprehensive health insurance plans that address wellness and finances. ...