RBI asks banks to step up vigilance to prevent misuse of banking channels in facilitating unauthorised forex trading

[ad_1] The Reserve Bank of India (RBI) on Wednesday has advised Banks authorised to deal in foreign exchange to be more vigilant and exercise greater caution to prevent the misuse of banking channels in facilitating unauthorised forex trading.As and when...

RBI comes out with FEMA regulations for direct listing on international exchange

[ad_1] Listing of an Indian company on international stock exchanges got a push with the Reserve Bank of India (RBI) coming out with regulations under Foreign Exchange Management (FEMA). Experts believe new regulations will help companies utilise foreign exchange more...

Conditions favour extending trend that boosted India’s real GDP growth above 8% from 2021-24: RBI Bulletin

[ad_1] Conditions are shaping up for an extension of the trend upshift that took India’s average real GDP growth above 8 per cent during 2021-24 even as there is greater confidence now that the descent of retail inflation to the...

At $41.6 b in FY24, net FPI inflows into Indian markets the highest since FY16: RBI report

[ad_1] Net Foreign Portfolio Investment (FPI) inflows into Indian equity and debt market at $41.6 billion (cumulative) in 2023-24 were the highest since 2015-16, according to an article in RBI’s latest monthly bulletin.During 2023-24, the debt segment saw net inflows...

Rupee ends flat as importer dollar demand erodes rise to near two-week high

[ad_1] The Indian rupee ended little changed on Tuesday as dollar demand from importers pulled the South Asian currency back from the near two-week high it hit during the session.The rupee closed at 83.3425 against the U.S. dollar, barely changed...

Extant monetary policy setting is well positioned: RBI Guv Das

[ad_1] The extant monetary policy setting is well positioned in the backdrop of the growth-inflation dynamics, with growth prospects looking bright in FY25 and headline inflation moderating, according to RBI Governor Shaktikanta Das.Also read:Argentina cuts interest rate to 70% as...

Rate cuts are now off the table, say Morgan Stanley India economists

[ad_1] Morgan Stanley India economists don’t expect RBI to ease policy rates in 2024-2025. This is driven by change in the US Fed rate path and an improving domestic growth trend, both warranting higher neutral real rates.In a note “Rate...

Inflation likely to come down below 5% in March

[ad_1] Retail inflation based on Consumer Price Index (CPI) is expected to have come down below 5 per cent in March. Official announcement about the headline number and retail food inflation will be made public at 5.30 pm on Friday.Also...

Rupee gains on likely dollar inflows, uptick in Asian peers

[ad_1] The Indian rupee strengthened on Wednesday, buoyed by strength in its Asian peers and likely dollar inflows, while traders awaited U.S. consumer inflation data due later in the day.The rupee was at 83.21 against the U.S. dollar as of...
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