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Tag: RBI interest rates

The transition of loans from floating to fixed rates | Explained

Posted on September 4, 2023 By admin
The transition of loans from floating to fixed rates | Explained

File photo: A Reserve Bank of India (RBI) logo is seen inside its headquarters in Mumbai, India, April 6, 2023. | Photo Credit: Reuters The story so far: On August 18, apex banking regulator the Reserve Bank of India (RBI) issued guidelines enabling a borrower to transition from a floating interest rate-based loan to one…

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Business

Rupee falls 8 paise to 82.74 against US dollar

Posted on August 11, 2023 By admin
Rupee falls 8 paise to 82.74 against US dollar

Indian Rupee notes are seen in this picture illustration taken in Mumbai June 12, 2013. File. (For Representational purpose only) | Photo Credit: Reuters The rupee depreciated by 8 paise to 82.74 against the US dollar in early trade on Friday, tracking a firm dollar against major rivals overseas. Analysts said, weak sentiment in the…

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