Rbi

RBI Relaxes External Commercial Borrowings Norms To Support Rupee

Business | Thomson Reuters | Wednesday September 19, 2018

The decision to revise the minimum average maturity period of three years to one year on ECBs was part of the five measures announced by the government last week.

RBI Allows Rana Kapoor To Continue As Yes Bank CEO Till January 31

Business | Press Trust of India | Wednesday September 19, 2018

In June this year, Yes Bank's shareholders had approved the re-appointment of Rana Kapoor as the chief executive and managing director for three years, subject to final approval from the central bank.

RBI Has Enough Reserves To Salvage Rupee From Record Low: Report

Business | Subhadip Sircar, Bloomberg | Wednesday September 19, 2018

The Reserve Bank of India (RBI) has been slowing its intervention efforts in recent months as emerging markets faced a rout and oil prices surged.

Anti-Graft Officials Told To Attend RBI Governor's Lecture

India News | Press Trust of India | Wednesday September 19, 2018

Irked over low turnout, the Central Vigilance Commission (CVC) has advised all anti-corruption officials working with banks and other organisations to attend without fail a lecture scheduled to be delivered by RBI Governor Urjit Patel on Thursday, according to a recent directive.

To Defend Rupee, RBI Seen Hiking Key Lending Rates Two More Times This Year

Business | Thomson Reuters | Tuesday September 18, 2018

The government's latest measures to support the rupee announced last week were particularly underwhelming for market participants who have since increased bearish positioning on the currency.

Rupee Registers All-Time Closing Low Of 72.97 Against Dollar: 10 Points

Business | NDTV Profit Team | Tuesday September 18, 2018

The rupee plunged further against the US dollar, to close 46 paise lower at a record 72.97 on Tuesday. That marked a fresh all-time closing low registered by the rupee against the greenback. Extended weakness in the rupee came on the back of rising crude oil prices and concerns on the intensifying US-China trade war front. The government had the pr...

"Restrictions On Masala Bonds Removed": Arun Jaitley Reveals Steps To Contain Rupee, Trade Gap

Business | NDTV Profit Team | Friday September 14, 2018

The government has decided to cut non-essential imports and increase exports amid a widening current account deficit (CAD), sliding rupee and soaring crude oil prices, Finance Minister Arun Jaitley said.

RBI Governor To Give Pep Talk To Anti-Corruption Officers On September 20

India News | Press Trust of India | Thursday September 13, 2018

RBI Governor Urjit Patel is scheduled to deliver a lecture to senior anti-corruption officers working with banks and other public sector organisations in Delhi next week, officials said today.

Forex Markets Closed Today: Key Things To Know

Business | NDTV Profit Team | Thursday September 13, 2018

INR Vs USD: The Finance Ministry said the government and RBI 'will do everything' to ensure that rupee does not slide to 'unreasonable levels'.

Consumer Inflation Hits 10-Month Low, Falls Below RBI Target Despite Rupee Slide

Business | Thomson Reuters | Wednesday September 12, 2018

Food inflation slowed to 0.29 per cent from a year earlier, against 1.37 per cent in July.

3 Men Posed As RBI Officials To Con 70-Year-Old In Noida, Arrested

Noida News | Press Trust of India | Wednesday September 12, 2018

Three men have been arrested for allegedly impersonating as RBI officials and duping a senior citizen in Noida of Rs 6 lakh on the pretext of renewing his insurance policy, police said Wednesday.

RBI Asked To Give Details Of Demonetised Currency In Jan Dhan Accounts

India News | Press Trust of India | Wednesday September 12, 2018

The Central Information Commission has directed the Reserve Bank of India to disclose the amount deposited in Jan Dhan accounts of various banks in the form of demonetised currency.

To Deal With Bad Loans, Banks Need To Take 40-60% Haircuts: Report

Business | Press Trust of India | Wednesday September 12, 2018

According to the Reserve Bank of India's February 12 circular, all resolution plans with an opinion or rating of RP4 are considered to have a moderate degree of safety regarding timely servicing of financial obligations.

Consumer Inflation Eases To 10-Month Low Of 3.69% In August

Business | NDTV Profit Team | Wednesday September 12, 2018

The data comes at a time the rupee hit record lows amid weakness in emerging market peers and the domestic equity markets are struggling with fund outflows. Besides, a continued surge in crude oil prices has fuelled concerns on the current account deficit among investors.

Rupee Recovers To 71.86 After Hitting New Lifetime Low Against Dollar: 10 Points

Business | NDTV Profit Team | Wednesday September 12, 2018

The domestic currency traded in a wide range on Wednesday. The rupee rose as much as 84 paise against the dollar in intraday trade, after sinking to a fresh all-time low of 72.91. Suspected intervention by the Reserve Bank of India (RBI) to contain rupee depreciation supported the currency against the greenback, according to news agency Press Trust...