Rupee: Falling rupee: What it means for your investment portfolio, study abroad and foreign holiday plans [ad_1] Recent headlines have made for some uncomfortable reading. The rupee sank to record lows against the dollar, with the greenback costing Rs.80 in exchange. The local currency depreciated nearly 8% against the dollar since the beginning of 2022, before pulling back in recent ...

Monetary policy: Negative interest rates are a matter of concern, says RBI After the MPC’s decision to hike repo rate by 50 basis point (bps) to 5.4 per cent, Governor Shaktikanta Das, Deputy Governors Michael Patra, MK Jain, T Rabi Sankar, and M Rajeshwar Rao spoke to the media. Edited excerpts: The rate hikes have been sharp ...

Money Transfer Rules: Want to send money abroad? Here are the rules, limitations, tax implications, charges, ways to transfer [ad_1] If you’re planning to send money abroad, be it for your child’s higher education or a relative’s medical treatment, you can do so as per the RBI’s Liberalised Remittance Scheme (LRS), which falls under the Foreign Exchange Management Act 1999. ...

Banks can’t rely on RBI money ‘perennially’ for credit demand: Governor Das Banks cannot always rely on the central bank’s money and they must mobilise deposits to fund credit offtake in the economy, said RBI governor Shaktikanta Das on Friday. His statement comes as the gap between credit and deposit growth is widening. There are concerns that ...

Maturity Mutual Funds: What are target maturity mutual funds? [ad_1] 1.Target Maturity Funds are passively managed debt funds which replicates an underlying index. 2.TMFs are open-ended debt schemes with a specific maturity date. 3.TMFs hold the underlying bonds till maturity and an interest rate movement does not impact your returns if you hold till the maturity date. 4.The portfolio typically ...

NRIs can now pay utility bills through Bharat Bill Payment System Non-resident Indians (NRIs) will now be able to make utility bill payments for their family in India as the Reserve Bank of India (RBI) on Friday proposed to enable Bharat Bill Payment System (BBPS) to accept cross-border inward payments. BBPS, owned and operated by the National ...

22 carat gold Jewellery price: 14-carat gold jewellery is 36% cheaper than 22-carat jewellery: Know resale value, charges, loan options [ad_1] When 23-year-old Harshita Thakur got her first salary, she wanted to buy some jewellery for herself. But the price of gold made her baulk. Searching online for something more affordable, Thakur stopped when she saw a ring from Mia ...

RBI stays hawkish in fight against inflation; MPC reverses Covid-era cuts The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Friday hiked the policy repo rate by 50 basis points to 5.4 per cent — a three-year high —owing to inflation concern and to shield the exchange rate, which has come under pressure since ...

HDFC Mutual Fund: HDFC Top 100 mutual fund review: Needs to build new track record [ad_1] ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision. BASIC FACTS DATE OF LAUNCH 10 NOVEMBER 1996 CATEGORY EQUITY TYPE LARGE CAP ...

Time for measured RBI monetary policy moves: What prompted the rate hike The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Friday hiked the policy repo rate by 50 basis points to 5.4 per cent — a three-year high —owing to inflation concern and to shield the exchange rate, which has come under pressure ...