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Rupee depreciates 8 paise to 82.14 against US dollar in early trade The rupee depreciated by 8 paise to 82.14 against the US dollar in early trade on Friday, weighed down foreign fund outflows and losses in domestic equities. At the interbank foreign exchange, the domestic unit opened weak at 82.12 against the dollar fell ...

REC board okays Rs 1.2 trillion market borrowing programme for 2023-24 State-owned non-banking finance firm REC Ltd board on Thursday approved Rs 1,20,000 crore market borrowing programme for 2023-24 in its meeting. “Board of Directors of REC Ltd in its meeting held on March 9, 2023, inter-alia approved the market borrowing programme under different debt ...

Consumers optimistic towards retirement: ICICI Pru Life Insurance study Consumers in the country consider retirement as a phase of maintenance, upgradation and growth, found an ICICI Prudential Life Insurance study. The study titled “Is India prepared for retirement?” surveyed over 1,100 individuals across various cities in the country and revealed that consumers now have an ...

Citi appoints Bhanu Vohra as head for commercial banking in India Citi on Thursday named Bhanu Vohra as the head of commercial banking in India, saying he would be in charge of the Citi Commercial Bank (CCB) business here. Vohra, who will be based in Mumbai, will report to Citi India CEO Ashu Khullar and ...

Dollar holds near three-month highs on rates outlook by Jerome Powell By Rae Wee and Joice Alves SINGAPORE/LONDON (Reuters) – The dollar held near a three-month high on Thursday, underpinned by Federal Reserve Chair Jerome Powell’s message that interest rates would have to go higher and possibly faster. The yuan weakened after the government ...

RBI possibly buying dollars in spot, paying forwards via PSBs: Traders MUMBAI (Reuters) – The Reserve Bank of India (RBI) was possibly buying dollars in spot and paying in forwards via public sector banks on Thursday to mop up foreign currency inflows, three traders told Reuters. The rupee was at 81.90 to the dollar, off ...

Worrisome to see no transparency in forex fees for small players: RBI’s Rao The Reserve Bank of India has often been informed of banks levying high charges on the MSME and retail segments for foreign exchange transactions and it is worrisome that there is no transparency in pricing for smaller customers, said Deputy Governor M. Rajeshwar Rao. ...

India must prepare to curb volatility risks of int’l rupee: RBI deputy gov India needs to gear up to manage the inevitable volatility that will emerge in the foreign exchange market as the country progresses further towards internationalisation of the rupee, a deputy governor at the Reserve Bank of India said recently. An international currency ...

Rupee appreciates 13 paise to 81.82 against US dollar in early trade The rupee gained 13 paise to 81.82 against the US dollar in early trade on Thursday, boosted by foreign fund inflows. At the interbank foreign exchange, the domestic unit opened at 81.93 against the dollar, then climbed to 81.82, registering a rise of ...

State Bank of India raises Rs 3,717 cr from its third AT1 bond sale The nation’s largest lender State Bank of India on Wednesday raised Rs 3,717 crore through additional tier 1 bond sale. The bank said this is the third Basel III compliant additional tier 1 (AT1) bond sale and the latest issue was ...