Rise in US bond yields, strong NDF dollar bids push rupee to record low of 85.93
The Indian rupee hit a record low of 85.93 per U.S. dollar due to rising U.S. bond yields and strong dollar bids, but the ...
Manappuram Finance soars after RBI lifts restriction imposed on microfinance arm
Manappuram Finance jumped 4.53% to Rs 188.20 after the Reserve Bank of India lifted the restrictions imposed on Asirvad Micro Finance with respect to sanction or disbursal of loans with immediate ...
Bearish Rupee Bets Drive Hedging Costs to Highest Since 2022
The cost to hedge foreign-exchange risk in Indian assets rose to the highest in more than two years as bets mount that ...
Why Tuhin Kanta Pandey may have been appointed Revenue Secretary
The decision might come as a surprise but Tuhin Kanta Pandey is familiar with the Budget process and is an old hand in North ...
Hosted on MSN36m
RBI Enforces New Rules: Banks to Pay ₹100 Per Day if Complaints Remain Unresolved Beyond 30 Days
To strengthen consumer rights, the Reserve Bank of India (RBI) has introduced stringent measures against delays in addressing customer complaints. Banks and financial institutions failing to resolve ...