RBI

Rajasthan: Around Rs 4.5 crore cash seized from car

Rupee rallies 40 paise on corporate tax cut

7:31 pm September 20, 2019

Mumbai: The Indian rupee on Friday rose by 40 paise to settle at 70.94 to the US dollar after forex market sentiment was buoyed by the government decision to slash corporate taxes. The news of lowering corporate tax rejoiced the equity market as well, but the bond market did not take the announcement very well. […]

Rupee falls 17 paise against US dollar in early trade

12:14 pm August 29, 2019

Mumbai: The rupee depreciated by 17 paise to 71.95 against the US dollar in early trade on Thursday, tracking weak domestic equity market and persistent foreign fund outflows. Pessimism over US-China trade talks also put pressure on the domestic unit, forex dealers said. However, a weak dollar against other major currencies overseas and softening crude […]

Stealing from RBI will not work: Rahul Gandhi on RBI surplus fund transfer

1:09 pm August 27, 2019

New Delhi: Congress leader Rahul Gandhi on Tuesday hit out at the government over the record cash transfer by the RBI, saying the prime minister and the finance minister are “clueless” about solving the “self created economic disaster” and accused them of “stealing money” from the Bank. He said the move was like stealing a […]

Pro-growth RBI minutes to cap yields; revives expectations for further policy easing

2:41 pm August 22, 2019

Singapore: Minutes from the Reserve Bank of India’s August meeting has revived expectations for further policy easing as headline inflation is likely to remain within target over the next one year, says a DBS report. According to the report, pro-growth Reserve Bank of India (RBI) minutes are expected to cap bond yields. “INR 10Y (generic) […]

Rupee hits fresh 6-mth low of 71.71; dives 28 paise

6:51 pm August 20, 2019

Mumbai: The Indian rupee on Tuesday furthered its loss by another 28 paise to close at a new six-month low of 71.71 against the US dollar as economic uncertainties continued to weigh. Investors remained risk averse considering a host of factors including fast-spreading economic slowdown, outlook on foreign fund outflows and weakness in most emerging […]