Personal Loan: Check out THESE 5 banks which are offering lowest rates on personal loans

Numerous banks and non-banking financial institutions (NBFIs) provide unsecured personal loans to borrowers. You can also apply for a personal loan online, and money will be deposited into your account while you sit at home. The repo rate has grown further because the RBI raised it at the same time.
#RBI #News #Business #PersonalFinance

2 days ago

National Payments Corporation of India in Talks With RBI on Volume Cap Deadline

National Payments Corporation of India (NPCI) is in talks with the Reserve Bank on implementation of its proposed deadline for limiting the volume cap of players to 30 percent. Currently, there’s no cap on volume and Google Pay and PhonePe hold the market share of about 80 per cent.
#NationalPaymentsCorporationofIndia #News #Business #Markets

5 days ago

Forex kitty swells by $14.72 billion to $544.72 billion; steepest accretion since August 2021

India's foreign exchange reserves soared by USD 14.72 billion to reach USD 544.72billion for the week to November 11. Reserve Bank has sold a portion of the reserves to prevent a sharp fall in the rupee since the Ukraine war began. The reserves have fallen by over USD 110 billion since March as the RBI has been propping up the Indian rupee amid global volatility.
#ReserveBank #Indian #India #News #Business #Economy

1 weeks ago

Forex reserves surge by $14.72 billion

Reserve Bank bought dollars from the spot market and due to revaluation gains. Reserves stood at $544.715 billion in the reporting week, RBI data showed on Friday. The rupee fell 6 paise to end at 81.70 against the USD on Friday, compared to previous close of 81.64.
#BusinessNews #News #Business #Economy

1 weeks ago

After August pull-back, RBI net sold $10 billion in September

Reserve Bank of India sold $10.36 billion worth of foreign currency on a net basis in September. In July, the Indian rupee breached the 80-per-dollar mark for the first time. In September, the central bank sold $33.63 billion, 45 percent more than what it sold in August.
#ReserveBankofIndia #Indian #News #Business #Markets

1 weeks ago

Policy transmission disjointed in bond market: RBI deputy governor Patra

Domestic market for securities dampen the transmission of monetary policy, says RBI Deputy Governor. Uneven market liquidity is a key factor, Patra said at the Treasury Heads’ Seminar organised by the at Lonavla on November 12. Patra flagged instances of wild swings in sovereign bond yields in response to factors such as the announcement of the government’s borrowing programme and geopolitical developments.
#Patra #RBI #Lonavla #News #Business #Economy

1 weeks ago

5 money management tips for home loan borrowers

After the recent rate hikes by the Reserve Bank of India (RBI), most banks have started increasing their lending rates. Because of this the borrowers having floating rate interest on their loans saw a rise in monthly EMIs. People who are first-timers or are at a nascent stage of the home loan borrowing process can also take the help of consultancies and IPCs.
#ZeeBusiness #News #Business #PersonalFinance

2 weeks ago

Some revelations on RBI and advice for governors

C Rangarajan has published his account of his decades at the Reserve Bank of India (RBI), culminating as governor, and his period as governor of united Andhra Pradesh. The book is full of delectable details and amusing anecdotes. It also has little gems from his five years as governor and some good advice for today’s governors.
#CRangarajan #RBI #AndhraPradesh #News #Business #Economy

2 weeks ago

What RBI Governor said on rupee, forex market at HTLS 2022

India's forex reserves dropped by $1.087 billion to stand at $529.994 billion for the week ended 4 November. Reserve Bank of India (RBI) Governor Shaktikanta Das said the first objective of the central bank's market intervention in a forex market is to ensure an orderly movement of exchange rate.
#ShaktikantaDas #RBI #India #News #Business #Markets

2 weeks ago

A vibrant municipal bond market is the need of the hour as spending on local infrastructure grows, says RBI - The Economic Times

A vibrant sub-sovereign/municipal debt market catering to a robust investor appetite for municipal bonds can provide an avenue for these entities to access public funds. The size of municipal budgets in India are much smaller than peers in other countries.
#RBI #India #News #Business #Markets

2 weeks ago

RBI may continue to intervene in forex markets if uncertainty prevails: MOFSL

The RBI typically intervenes in the market through liquidity management, including through the selling of dollars with a view to preventing a steep depreciation in the rupee. The central bank has accumulated these reserves to be utilised in these kinds of situations.
#RBI #News #Business #Markets

3 weeks ago

MPC holds special meet to draft report on inflation target miss

The meeting was chaired by RBI Governor Shaktikanta Das. All the MPC members — Michael Debabrata Patra, Rajiv Ranjan, Shashanka Bhide, Ashima Goyal and Jayanth R Varma.
#ShaktikantaDas #MPC #News #Business #Economy

3 weeks ago

India's fight against inflation to be dogged, prolonged: RBI - Fibre2Fashion

India’s fight against inflation will be dogged and prolonged, given the long and variable lags with which monetary policy operates, the Reserve Bank of India (RBI) recently said in its ‘State of the Economy’ document. India is poised to consolidate and accelerate the recovery over the rest of the year, it said.
#RBI #India #News #Business #Economy

1 months ago

MPC members differ on future course of action, signalling that the RBI’s rate hike cycle may be nearing its end

The monetary policy committee of the reserve bank of India voted to raise the benchmark repo rate by 50 basis points. Five members voted in favour of the increase. One member, ashima Goyal, voted for a 35 basis points hike. Another member, Jayanth Varma voted against the stance of the committee.
#ashimaGoyal #MPC #News #Business #Economy

1 months ago

IMF praises RBI for tightening the monetary policy to curb inflation

The International Monetary Fund praised the Reserve bank of India (RBI) for tightening the monetary policy to curb inflation in the country. The IMF said the RBI has appropriately been tightening to fight inflation as the inflation is above target. Inflation has been above the RBI's target recently, so we do expect a tightening of monetary policy going forward as well, he said.
#IMF #News #Business #Markets

1 months ago

RBI sells dollars as rupee hits record low on US rate hike woes: Report

The likely sold dollars via state-run banks on Monday after the rupee plumbed a fresh record low. The rupee went from less than 82.60 to above 82.40 in the space of less than ten minutes. The intervention by the RBI was confirmed to Reuters by two banks and a Mumbai-based brokerage firm.
#RBI #Mumbai #News #Business #Economy

1 months ago

RBI to start a pilot programme for the Digital Rupee

The concept paper was made public as part of an experiment with digital money in india. The reserve bank of India is currently developing a phased deployment plan.
#RBI #DigitalRupee #dia #News #Business #Economy

1 months ago

Bank lending rates set to rise further on expected RBI tightening, say experts

A clutch of lenders have hiked their external benchmark lending rate (EBLR) after RBI’s rate increase. The repo rate, or the rate at which the RBI lends funds to banks, currently stands at 5.90 percent. Consumer EMIs are likely to rise further in the coming months.
#RBI #News #Business #Economy

1 months ago

Xiaomi India ED case: Company says all ‘payments’ done via RBI-approved banking channels

The ED seized the assets for alleged violations of foreign exchange regulations. ED claimed the company remitted large amounts of money abroad to related entities without actually using any services from them. The company denies that it holds any assets outside of India.
#XiaomiIndia #RBI #India #News #Business #Economy

1 months ago

Stocks to buy today, October 3: Bharti Airtel, ICICI Lombard, IRCTC, Eicher Motors among top 20 picks for profitable trade

Sensex gained over 1000 points to end at 57,426.92 and Nifty advanced 276.20 points or 1.64% to finish at 17,094.30. The benchmark indices snapped the losing streak after the RBI hiked interest rates by 50 basis points on expected lines. SGX Nifty - which is traded on the Singapore stock exchange - was down by over 160 points at 8:10 am.
#Sensex #Singapore #News #Business #Markets

1 months ago