Finance News

Rupee gains 32 paise to 80.98 against US dollar after Fed chair’s remark The rupee appreciated 32 paise to 80.98 against the US dollar in early trade on Thursday on a broad dollar weakness after Federal Reserve Chairman Jerome Powell said the pace of interest rate hikes may slow. At the interbank foreign exchange, the domestic unit ...

Rupee seen higher at 81.20 after Fed Chair Powell’s dovish tilt; RBI eyed The Indian rupee is expected to open higher against the dollar on Thursday after the U.S. Federal Reserve Chair Jerome Powell’s comments were viewed as dovish. The rupee is tipped at around 81.20 per U.S. dollar in early trades, compared with 81.4225 in the ...

What are Alternative Investment Funds? Alternative Investment Fund or AIF is any fund established in India which is a privately pooled investment vehicle that collects funds from sophisticated investors, both Indian or foreign, for investing. This fund can deploy its money in accordance with a defined investment policy for the benefit of its investors. AIF does not include ...

Reserve Bank of India, Japanese regulator hold talks on clearing houses The Reserve Bank of India (RBI) and the Financial Services Agency (FSA) of Japan on Wednesday exchanged letters of cooperation in the field of central counterparties (CCPs) with the expressed aim of improving mutual cooperation. “With this exchange of letters, the RBI and the FSA are committed to deepening ...

Rupee gains sharply against US dollar as MSCI rejig spurs flows The rupee strengthened sharply against the US dollar on Wednesday as the semi-annual rebalancing of the MSCI India index propelled inflows and as some foreign banks sold the greenback on behalf of overseas firms looking to invest here, dealers said. Strength in the Chinese yuan also ...

RBI’s modified digital lending norms to come in effect from Dec 1 The Reserve Bank’s modified guidelines on digital lending that seek to protect customers from exorbitant interest rates by certain entities and also check unethical loan recovery practices will come into effect from Thursday. Under the new norms, all loan disbursals and repayments are required to ...

Rupee gains 34 paise to close at 81.38 against dollar amid weak greenback The rupee appreciated 34 paise to close at 81.38 (provisional) against the US dollar on Wednesday as a weak greenback in the overseas market and a rally in domestic equities boosted investor sentiment. At the interbank foreign exchange market, the local unit opened at ...

Rupee gains 17 paise to 81.55 against US dollar ahead of GDP data The rupee appreciated 17 paise to 81.55 against the US dollar in early trade on Wednesday on broad dollar weakness and a positive trend in domestic equities. At the interbank foreign exchange, the domestic unit opened at 81.63 against the dollar, then gained ground ...

Retail e-rupee pilot begins today: Here’s what you can expect from it The Reserve Bank of India (RBI) will launch the first pilot for the retail version of the Central Bank Digital Currency (CBDC) tomorrow, December 1, exactly a month after it started a pilot for the digital rupee-wholesale segment. Let’s look at the fine print of the roll-out: ...

Cross-border rupee trade: FinMin, bank heads to meet on December 5 The Finance Ministry has called a meeting of CEOs of banks, including top six private sector lenders, on December 5 to discuss ways to promote cross-border trade in the rupee instead of the US dollar. Besides, sources said the meeting to be attended by other stakeholders, ...