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On the economy, the report said during the first half of 2024-25, real GDP growth (y-o-y) moderated to 6 per cent from 8.2 per cent and 8.1 per cent growth recorded during H1 and H2 of 2023-24, respectively. File. Representational image | Photo Credit: Reuters The Indian economy is exhibiting resilience and stability, and the…
Read More “Economy exhibiting resilience, GDP to grow at 6.6 pc in FY25: RBI report” »
At the interbank foreign exchange, the rupee opened weak at 85.31 and slipped further to hit its lifetime low of 85.35 against the greenback, registering a loss of 8 paise from its previous closing level. Representational image | Photo Credit: Reuters The rupee slid for the fourth straight session, depreciating 8 paise to hit a…
Read More “Rupee falls 8 paise to hit new record low of 85.35 against US dollar in early trade” »
The Rupee’s earlier sharpest one-day fall of 68 paise was recorded on February 2, 2023. File | Photo Credit: Reuters The Rupee fell steepest in almost two years to hit its lifetime intraday low of 85.80 before a suspected Central bank intervention helped recover some of its losses and settled 23 paise lower at a…
Read More “Rupee falls 23 paise to hit fresh record low of 85.50 against U.S. dollar” »
“While such practices may yield short-term gains, they ultimately expose the bank to significant long-term risks, including reputational damage, supervisory scrutiny, and financial penalties,” Shaktikanta Das said in a keynote address at the Conference of Directors of Private Sector Banks here. | Photo Credit: Thulasi Kakkat RBI Governor Shaktikanta Das on Monday (November 18, 2024)…
Read More “Strengthen framework to curb unethical practices: RBI Governor to bank boards” »
At the interbank foreign exchange, the domestic unit opened at 83.24 against the dollar and then touched an early high of 83.22, registering a gain of 5 paise over its previous close. File | Photo Credit: Reuters The rupee appreciated by 5 paise to 83.22 against the US dollar in early trade on Tuesday supported…
Read More “Rupee rises 5 paise to 83.22 against US dollar in early trade” »