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‘India has fairly large forex reserve to deal with current situation’ Economic affairs secretary Ajay Seth on Tuesday dismissed the concerns over depletion of forex reserve as “overblown” and said India has fairly large reserve to tide over the current situation. Foreign exchange reserves were down for a seventh continuous week, dropping to USD 545.65 billion on ...

Travel Now Pay Later: Are travel now, pay later schemes worth every penny [ad_1] Credit size The credit size being offered differs as well, with most offering a range that depends on your income, credit score and repayment ability. So, ZestMoney, which is available on travel platforms like MakeMyTrip, Yatra, EaseMyTrip, etc, has an upper credit limit of Rs.2 lakh, ...

Rupee inches up, likely delay in bond index inclusion caps gains The Indian rupee snapped a four-day losing streak on Tuesday as the dollar eased and oil prices tumbled, but a report stating local bonds may not be considered for listing on a major global index this year capped gains. The partially convertible rupee ended up just ...

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3 new credit card rules will come into effect on October 1: How it will impact card holders [ad_1] In April 2022, the Reserve Bank of India (RBI) issued new criteria for credit and debit card issuance. These new rules include new restrictions addressing credit card cancellation, billing, etc. Some of the rules of the RBI (Credit Card and Debit ...

Festive Season Discount: Banks start offering festive season discounts on loans, credit and debit card spends [ad_1] With India in the midst of the festive season, many banks have lined up special offers and discounts to lure customers. Banks are offering special offers on cards, loans, waiver of processing fee etc. Here is a look at the festive season offers ...

As US dollar retreats, rupee rises 37 paise to 81.30 in early trade The rupee appreciated 37 paise to 81.30 against the US dollar in early trade on Tuesday as the American currency retreated from its elevated levels. At the interbank foreign exchange, the domestic unit opened at 81.45 against the dollar, then touched 81.30, registering a ...

Federal Bank revises FD interest rates: Check latest rates [ad_1] Federal Bank has revised interest rates on fixed deposits of less than Rs 2 crore. The new rates are effective from September 27, 2022, according to the bank’s official website. For fixed deposits with maturities ranging from 7 days to 10 years, the bank is now offering interest rates that ...

RBI may need to reload reserves as rupee falls further: HDFC economist MUMBAI (Reuters) – The Reserve Bank of India may need to find ways to replenish its foreign exchange reserves such as encouraging non-resident Indians to deposit more funds, as it looks to stabilise a depreciating rupee, HDFC Bank Chief Economist Abheek Barua said. The Indian ...