easy-accordion-free domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/u144920493/domains/currencyveda.com/public_html/wp-includes/functions.php on line 6114wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/u144920493/domains/currencyveda.com/public_html/wp-includes/functions.php on line 6114
October 31, 2023 New Delhi, India RBI The Reserve Bank of India (RBI) has taken regulatory action against five cooperative banks, imposing monetary penalties due to various breaches of compliance guidelines. The move underscores the central bank’s commitment to maintaining the integrity and stability of the banking sector. Overview of RBI’s Penalties The RBI recently…
October 17, 2023 New Delhi, India Introduction: The financial markets in India are abuzz with concerns over a looming dollar shortage as the Reserve Bank of India (RBI) approaches the maturity of a significant $5 billion USD/INR swap transaction. This news report delves into the key factors contributing to these concerns and the potential implications…
October 6, 2023 New Delhi, India USDINR The Indian Rupee (INR) showed slight movements against the dollar. The USDINR pair had a marginal gain of 0.01%, closing at 83.2725 yesterday. Its trading range for the day was between ₹83.20 and ₹83.33. Over the last month, USDINR rates increased by 0.18%, reaching a three-month high. The…
October 3, 2023 New Delhi, India USDINR The USDINR pair traded at 83.0750 on the last session, marking a decrease of -0.17% from the previous close. The trading range for USDINR is between ₹83.05 and ₹83.19, with a total traded volume of 200,880 lots. USDINR rates have shown a slight increase of 0.34% over the…
September 26, 2020 New Delhi, India Excessive Dominance Concerns Addressed Reserve Bank of India (RBI) Governor Shaktikanta Das, in a recent address, raised significant concerns about the “excessive dominance” of a select few board members within major commercial banks. These remarks came as part of RBI’s commitment to maintaining transparency and accountability in the banking…
New Delhi, India September 13, 2023 In a move aimed at providing substantial relief to home loan and personal loan borrowers, the Reserve Bank of India (RBI) has announced stringent guidelines to ensure the prompt return of property documents upon loan repayment. These landmark regulations, set to take effect on December 1, 2023, come as…
New Delhi, India September 12, 2023 India’s retail inflation slowed to 6.83% in August from 7.44% in July, but it still remained above the Reserve Bank of India’s (RBI) tolerance band of 2-6%. This is the fourth instance of the retail inflation rate or the consumer price index (CPI) crossing the upper limit of the…
The Indian Rupee advanced close to a two-month apex against the U.S. dollar this Monday, propelled by dollar offerings from international banks, as observed by market participants. Date: July 03, 2023 Place: New Delhi, India The Rupee stood at 81.8175 per U.S. dollar by 11:16 IST, marking an increase from the previous session’s rate of…
Date: June 08, 2023 Place: New Delhi, India In a much-anticipated move, the Reserve Bank of India (RBI) announced today that it would maintain the key policy repo rate at 6.5 percent. This decision came after a three-day Monetary Policy Committee (MPC) meeting led by RBI Governor Shaktikanta Das. Addressing the media, Governor Das stated,…
Date- May 27, 2023 ICICI Bank, the second-largest private lender in India by market value, has suggested that the Reserve Bank of India (RBI) might find it necessary to purchase government bonds amounting to $18 billion in order to inject additional cash into the banking system. This move is aimed at maintaining the existing levels…
