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Sensex Up By 700 Points After RBI Cuts Repo Rate By 50 Basis Points
The Indian benchmark indices surged on Friday after the RBI Governor Sanjay Malhotra announced a jumbo 50 bps rate cut from 6 per cent to 5.5 per cent and a 100 basis point cut in the Cash Reserve Ratio (CRR), from 4 per cent to 3 per cent.
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CoinSwitch Report Says Its Reserves Exceed Customer Holdings, Can Cover All User Redemptions
The total customer holdings with CoinSwitch as on March 31, 2024, has grown by 93 percent as compared to the previous edition of the proof-of-reserves report, that was released in July last year.
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RBI To Reduce Incremental Cash Reserve Ratio Maintenance In Phases
The Reserve Bank of India will wind down, in phases, the incremental cash reserve ratio (I-CRR) requirement imposed on banks by October 7, it said on Friday.
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NPAs Expected To Fall To 3.6% By March 2024, Economy Remains Stable: RBI
The Indian banking system's asset quality strengthened to a decadal best, with the gross non-performing assets ratio falling to 3.9 per cent as of March 2023, the Reserve Bank said on Wednesday.
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TRON Over-Collaterises USDD Algorithmic Stablecoin to Avoid Terra UST-Like Crash
In a bid to improve transparency surrounding its new algorithmic stablecoin, TRON has revealed details of its new coin’s collateralisation strategy. The stablecoin’s market cap is now 217 percent collateralised, while TRON has also disclosed a minimum guaranteed collateralisation ratio of 130 percent.
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China Should Take More Powerful Steps To Support Economy: State Media
China should prepare "more powerful" policy measures, possibly including a large-scale stimulus package, to prevent its economy from stalling as trade frictions with the United States persist, a state-backed tabloid said in a commentary on Thursday.
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Reserve Bank of India raises credit rate; repo rates unchanged
The RBI has hiked the cash reserve ratio to 5.75%, while keeping key policy rates unchanged. The inflation projection has been raised to 8.5% amid concerns over rising food prices.
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Sensex Up By 700 Points After RBI Cuts Repo Rate By 50 Basis Points
The Indian benchmark indices surged on Friday after the RBI Governor Sanjay Malhotra announced a jumbo 50 bps rate cut from 6 per cent to 5.5 per cent and a 100 basis point cut in the Cash Reserve Ratio (CRR), from 4 per cent to 3 per cent.
-
CoinSwitch Report Says Its Reserves Exceed Customer Holdings, Can Cover All User Redemptions
The total customer holdings with CoinSwitch as on March 31, 2024, has grown by 93 percent as compared to the previous edition of the proof-of-reserves report, that was released in July last year.
-
RBI To Reduce Incremental Cash Reserve Ratio Maintenance In Phases
The Reserve Bank of India will wind down, in phases, the incremental cash reserve ratio (I-CRR) requirement imposed on banks by October 7, it said on Friday.
-
NPAs Expected To Fall To 3.6% By March 2024, Economy Remains Stable: RBI
The Indian banking system's asset quality strengthened to a decadal best, with the gross non-performing assets ratio falling to 3.9 per cent as of March 2023, the Reserve Bank said on Wednesday.
-
TRON Over-Collaterises USDD Algorithmic Stablecoin to Avoid Terra UST-Like Crash
In a bid to improve transparency surrounding its new algorithmic stablecoin, TRON has revealed details of its new coin’s collateralisation strategy. The stablecoin’s market cap is now 217 percent collateralised, while TRON has also disclosed a minimum guaranteed collateralisation ratio of 130 percent.
-
China Should Take More Powerful Steps To Support Economy: State Media
China should prepare "more powerful" policy measures, possibly including a large-scale stimulus package, to prevent its economy from stalling as trade frictions with the United States persist, a state-backed tabloid said in a commentary on Thursday.
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Reserve Bank of India raises credit rate; repo rates unchanged
The RBI has hiked the cash reserve ratio to 5.75%, while keeping key policy rates unchanged. The inflation projection has been raised to 8.5% amid concerns over rising food prices.
