RBI revises bulk FD limit for these banks to Rs 1 crore [ad_1] The Reserve Bank of India (RBI) decided to raise the criteria for ‘bulk deposits’ for regional rural banks (RRBs) to Rs 1 crore from the current Rs 15 lakhs in order to raise more funds. According to the RBI notification dated October 26, 2023, “It has been ...

Rupee depreciates 6 paise to 83.23 against US dollar in early trade The rupee stayed on downward track for the third consecutive session and depreciated by 6 paise to 83.23 against the US dollar in early trade on Thursday, tracking a firm American currency and negative equity market sentiment. Forex traders said the Indian currency was also pressured due to ...

India govt bond yields edge lower as crude oil prices, US peers drop The 10-year benchmark bond yield closed at 7.3408% after ending at 7.3769% in the previous session

RBI directs private banks to have at least two wholetime directors Payments banks and local area banks are kept out of the minimum WTD requirements

CBDC can play important role in cross-border payment, says RBI Guv Reserve Bank Governor Shaktikanta Das has said that the Central Bank Digital Currency (CBDC), which is being promoted by the central bank, can play an important role in cross-border payments without much difficulty. The Reserve Bank, he said, has undertaken pilot projects with regard to promotion of the CBDC ...

Tomatoes, onions and potatoes: Why veggie inflation is shooting up again Climate shocks apart, demand-supply mismatches cause price spikes in veggies led by tomato, onion and potato

Indian govt benchmark bond yields ends higher, tracking their US peers The 10-year benchmark bond yield closed at 7.3769%, after ending at 7.3626% in the previous session

Rupee remains stable as RBI most likely rolls over $5 bn swap contract The rupee settled at Rs 83.19 per US dollar on Monday, against Rs 83.12 a dollar on Friday

Govt cautious of unexpected spike in sovereign bond yields: Official “If (government bond) yields go beyond tolerance level, we will take appropriate remedial actions,” the official said, without giving details

RBI's $5 billion swap maturity causes flutter, but no major turbulence One of the ways a bank can do that is by accessing the overnight swap market to borrow dollars vis-a-vis the rupee. A fall in the swap rate means there is a high demand for dollars