Rupee depreciates 5 paise to 82.86 against US dollar in early trade The rupee depreciated 5 paise to 82.86 against the US dollar in early trade on Thursday, tracking a negative trend in domestic equities. Forex traders said the strength of the American currency, foreign fund outflows, and elevated crude oil prices in the international market dented investors’ sentiments. At ...

Rupee depreciates 5 paise to 82.85 against US dollar in early trade The rupee depreciated 5 paise to 82.85 against the US dollar in early trade on Wednesday, as the strength of the American currency in the international market and elevated crude oil prices dented investors’ sentiment. Forex traders said the rupee is expected to trade with a slight negative ...

Government allows RBI to import gold without paying import levies As of September 2023, the Reserve Bank of India held 800.79 metric tonnes of gold, including gold deposits of 39.89 tonnes

As Rupee appreciates, importers take advantage of unexpected up move The rupee has been in a narrow 3 paisa range, having reached a more than six-month high on Monday

Fintechs lead small-ticket loans' volume with 77% market share: Report Fintechs accounted for 50% of the loan volumes disbursed with a ticket size less than Rs 1,00,000 in FY18

Toyota Innova’s airbag failed to open in an accident, car owner to get Rs 32.07 lakh or a new vehicle, orders NCDRC [ad_1] The National Consumer Disputes Redressal Commission (NCDRC) has held in a recent case that a Toyota Innova car, which was sold to Sunil Reddy, was defective. The front airbag(s) of the car did not open at the ...

Sidbi secures first green climate fund project worth $120 million Development bank Sidbi on Monday said it has secured approval from the Green Climate Fund (GCF) for its first anchored project, Avaana Sustainability Fund (ASF), valued at USD 120 million. The closure was announced at the 38th board meeting of the GCF, which will invest USD 24.5 million in the ...

Rupee ends higher on dollar inflows, likely RBI intervention caps rise “The rupee has broken a key support level of 82.80 given robust inflows, solid fundamentals and a weakening dollar,” said Amit Pabari, managing director at forex advisory firm CR Forex

Rupee climbs over six-month high on inflows, stronger Asian peers The rupee was also helped by strength in its Asian peers amid a drop in US Treasury yields. The Korean won climbed 0.8 per cent and the Indonesian rupiah advanced 0.4 per cent

Banks' lending rate hit 46-month high in Jan; for fresh deposits in Aug The weighted average lending rate by scheduled commercial banks on fresh loans increased to 9.45 per cent in January 2024 compared to 9.32 per cent in December 2023