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The Indian rupee nosedived to a new life-time low of 71.10, shedding 10 paise against the US dollar in late afternoon trade on Monday, tracking weakening trend in emerging market currencies. (Photo: DC)

Rupee drops 29 paise to 72.49 against US dollar

Losses in domestic equities in volatile early trade also put pressure on the rupee.

24 Sept 2018 10:54 AM IST

The Reserve Bank of India on Thursday kept the key policy rate unchanged at 6 per cent for the fourth consecutive time.

Reserve Bank of India, SEBI closely monitoring financial markets

They are closely monitoring recent developments in financial markets and are ready to take appropriate actions.

24 Sept 2018 10:41 AM IST

The Reserve Bank is expected to go for a hike in key policy rates by the fourth quarter of this year.

RBI shortlists Infosys, TCS, 3 other IT firms to implement CIMS

The central bank had invited of expression of interest in July for identification of solution provider for...

23 Sept 2018 6:07 PM IST

Global ratings agency Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar.

Public consultation on changes to settlement rules: ICICI proposes,...

ICICI Bank has filed a settlement plea with regard to an ongoing probe into alleged violations by the bank and Chanda...

23 Sept 2018 5:26 PM IST

The rupee yesterday had tumbled by 30 paise to end at a fresh 2016 low of 68.76.

Govt likely to announce lower borrowing programme next week: sources

Investors were also worried whether govt will be able to stick to its fiscal deficit target of 3.3 per cent of gdp.

22 Sept 2018 11:41 AM IST

Yes Bank on Thursday reported a net profit of Rs 1,002.73 crore in the second quarter of the fiscal, up about 25 per cent year-on-year. (Photo: PTI)

Yes Bank slapped with Rs 38 crore in GST fines for violating norms

A bank official, however, said the money has been paid -"in protest-" and the lender believes that it has not violated...

21 Sept 2018 7:19 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI unlikely to hike repo rate in October despite weak Rupee: study

Weakness in the rupee does not offer a sufficient alibi for a rate hike.

21 Sept 2018 5:29 PM IST

Following peers, state-owned Bank of India has hiked lending rates based on MCLR by 0.10 per cent for various tenors.

Bank of India invites bids for stake sale in 3 associate companies

BoI said it was looking to raise nearly Rs 1,000 crore through stake sale.

21 Sept 2018 2:03 PM IST

EEPC India on Monday said Indias exports grew by 17 per cent to USD 76 billion in financial year 2017-18.

Finance Ministry pegs dollar value at Rs 73.65 for computing import...

The conversion rate for computation of duty on export of goods has been fixed at Rs 71.95 to a dollar.

20 Sept 2018 6:40 PM IST

Reserve Bank governor Urjit Patel

Preventive vigilance better governance tool for public institutions:...

Percentage of vigilance cases against RBI employees' vis-Ã -vis the total staff strength of the Bank stood on average at...

20 Sept 2018 5:58 PM IST

: Indias economic growth picked up sharply in October-December quarter (third quarter) expanding by 7.2 per cent, which indicates that economy has turnaround after demonetisation and GST.

Indians' faith in economy falters

Pew Survey claims 27% more Indians feel economy is not doing well.

20 Sept 2018 12:19 AM IST

Financial market participants have welcomed global ratings agency Moodys decision to upgrade Indias rating to stable saying that the move would help Indian corporates as well as financial institutions to access capital in the overseas market at a lower cost.

Rising liquidity issues in ILFS credit negative for Indian banks:...

ILFS Financial Services has since been barred from accessing the commercial paper market until February 2019.

19 Sept 2018 2:26 PM IST