Finance News

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

Rupee depreciates 3 paise to 83.15 against US dollar in early trade The rupee declined 3 paise to 83.15 against the US dollar in a restricted trade on Monday due to a stronger greenback in overseas markets and foreign fund outflows. A correction in crude oil prices and firm domestic stock markets in opening trade capped the losses of the ...

Govt to ensure that debt burden not passed on to future generation: FM Finance Minister Nirmala Sitharman on Friday said the government is mindful of the fiscal deficit management and will ensure the burden of servicing debt is not passed on to next generation. Addressing the Kautilya Economic Conclave 2023 here, she said the government is looking at the ways ...

RBI to conduct open market bond sales to absorb durable liquidity Core liquidity surplus includes the government’s cash balances held with the central bank

RBI turns net seller of US dollar in August for the first time in FY24 The central bank bought $5 billion, while it sold $43.6 billion of foreign currency in August

IRM Energy's Rs 545 crore IPO subscribed 27 times on last day of offer The Initial Public Offering (IPO) of city gas distribution company IRM Energy was subscribed 27.05 times on the last day of subscription on Friday. The Rs 545.40 crore-initial share sale received bids for 20,62,70,910 shares against 76,24,800 shares on offer, as per NSE data. The category ...

RBI Governor Shaktikanta Das sticks to position on crypto asset ban G20 FMCBG recently adopted roadmap on such assets

GST to be paid on gold coins, white goods given as incentives, rules AAR Input tax credit can be claimed as such items are not gifts, says Telangana authority

Rupee depreciates 5 paise to 83.18 against US dollar in early trade The rupee depreciated by 5 paise to 83.18 against the US dollar in early trade on Friday due to unabated foreign fund outflow amid rising crude oil prices. Negative equity market sentiment and a strong dollar also weighed on the Indian currency, forex traders said. At the interbank ...

Here are details of new IMPS money transfer rule: How will it work? Users will soon be able to transfer money up to Rs 5 lakh through IMPS by deploying the mobile number and bank account name of the receiver