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Rupee ends flat, wedged between Asia FX bump, foreign banks' dollar buys The rupee closed at 83.1225 against the U.S. dollar, barely changed from its close at 83.1375 in the previous session

Indian banks seek looser liquidity conditions going ahead: Traders Banks made these suggestions to industry body Fixed Income Money Market and Derivatives Association of India (FIMMDA) on Wednesday

State Bank of India raises Rs 5,000 crore in capital via AT1 bonds Fixes coupon at 8.34%, 24 bps higher than previous offering

ICICI Bank Q3 net profit jumps 23.6% to Rs 10,272 cr, NII up 13.4% Net Interest margins dip on rise in cost of deposits; makes Rs 627 crore provision to AIF exposure

Rupee depreciates 1 paisa to 83.14 against US dollar in early trade The rupee fell 1 paisa to 83.14 against the US dollar in early trade on Friday amid heavy selling of equities by Foreign Institutional Investors (FIIs). Forex traders said positive cues from domestic equity markets and lower level of dollar provided support to the Indian currency. At the ...

​Cheque fraud victims to get Rs 74 lakh from Axis Bank after 15 years long legal fight [ad_1] Axis Bank was ordered by National Consumer Disputes Redressal Commission (NCDRC) to pay a collective amount of Rs 73.93 lakh (including compensation) to five individuals who were victims of a cheque fraud withdrawal incident. Here’s what happened. On May 24, 2008 one ...

RBI announces changes to market timing for January 22. Details here The Reserve Bank of India (RBI)’s announcement came a day after the Centre announced that all central government offices will be closed for half a day

Foreign banks lap up government bonds ahead of India's index inclusion Foreign investors pumped in Rs 14,281 crore in domestic debt market in January

TDS at 1% pushing crypto investors to grey market: Will Budget 2024 reconsider it? [ad_1] Virtual Digital Assets (VDAs) such as crypto, Non-Fungible Tokens (NFT) are encrypted digital holdings on blockchain. Chainalysis’ ‘Global Crypto Adoption Index’ (2023) also suggests that India is currently leading the ‘grassroot adoption’ game in VDAs. India also has the second-largest functioning VDA market in the ...

Reserve Bank of India net sells $1.9 billion in November, shows data The rupee depreciated by 0.17 per cent in November. The RBI’s net outstanding forward sales by the end of November stood at $11.9 billion, against $14.6 billion in October