Rupee hits new low against US dollar as Asian peers tumble on Fed rate view The Indian rupee dropped to a record low versus the U.S. dollar on Thursday, as Asian currencies declined on concerns over the pace and quantum of U.S. Federal Reserve’s policy tightening ahead. The rupee closed at a record low of 80.86 to ...

What is the PM Kisan 12 installment date? [ad_1] When will the 12th instalmentbe released? The 12th instalment amount of the PM Kisan will be released between September and November 2022. Typically, the first period lasts from April to July, the second from August to November, and the third from December to March. The government released the 11th instalment of ...

SBI least efficient in Asia-Pacific due to high cost-to-income ratio: Study State Bank of India (SBI) was the least efficient among its Asia-Pacific peers in the June quarter due to its high cost-to-income ratio and mark-to-market losses on its investment book, according to S&P Global Market Intelligence. SBI had the highest cost-to-income ratio of 71.06 per cent, ...

5 best bitcoin mining methods to earn passive income [ad_1] With the recent market capitulation causing the price of BTC to tank, you would be forgiven for thinking that mining Bitcoin is a non-profitable endeavor. However, you might be surprised to learn there are still a large number of projects which continue to pay out mining profits to their customers. ...

Dollar hits new 24-year peak to yen as Bank of Japan stays dovish By Kevin Buckland TOKYO (Reuters) – The U.S. dollar surged to a new 24-year high against the yen after the Bank of Japan stuck to ultra-easing stimulus on Thursday, just hours after the Federal Reserve surprised markets with hawkish interest-rate projections. The greenback ...

This 110-year-old bank will stop operations from today: What happens to savings account deposits, FD, RDs of customers [ad_1] The Reserve Bank of India (RBI) in August announced that it has withdrawn the Pune-based Rupee Cooperative Bank’s banking licence and asked the Registrar of Cooperative Societies to liquidate it. The bank will cease to carry on banking business, with effect ...

IndusInd Bank and RBL Bank increase MCLR days ahead of MPC meeting IndusInd Bank and RBL Bank have increased their marginal cost of funds-based lending rates (MCLR) effective Thursday, announcing their decision days ahead of the monetary policy meeting’s (MPC) meeting on repo rate. IndusInd Bank hiked its MCLR by 5 to10 basis points across tenors. The ...

Five govt schemes to ensure financial security for your domestic help – The Economic Times Video [ad_1] Domestic workers help daily with cleaning, cooking, driving, and much more. Yet, despite improving their financial condition over the years, many continue living in poverty without safety nets. Riju Mehta of The Economic Times lists a few schemes to help them become financially ...

Post Office term deposit vs Bank FDs: Highest interest rates for 2-year tenure [ad_1] The interest rates offered by banks on fixed deposits (FDs) depends on the tenure chosen and the amount. Even Post Office term deposits interest rates vary when it comes to the tenure. India Post Term deposits (POTD)India Post offers term deposits in four categories: 1 year, ...

Rupee slumps to new low as Fed hikes rates, signals longer tightening cycle The rupee weakened sharply against the US dollar, hitting a fresh low, as the greenback surged following a 75-basis-point rate hike by the Federal Reserve. The dollar’s strength was also amplified by indications from the Fed that its rate hike cycle would continue for longer than ...