MUMBAI, Jan 7 (Reuters) – The Indian rupee logged its biggest one-day gain in more than a month on Tuesday as the dollar dipped towards a one-week low, boosting regional currencies, while foreign banks’ dollar sales also helped. The rupee closed up
MUMBAI, Oct 25 (Reuters) – RBI is keen that banks pass on the benefits of higher interest rates to account holders by raising the rates they offer on savings’ deposits, but lenders are pushing back in a bid to bolster margins, several
New Delhi, Oct 20 (PTI) Reserve Bank Governor Shaktikanta Das on Friday said interest rate will remain high at the moment, and only time will tell for how long it remains at elevated level. In the wake of the ongoing geopolitical crisis,
NEW DELHI, Oct 19 (Reuters) – The India on Thursday decided to allow restriction-free imports of laptops and tablets, and launched a new system of “authorisation” aimed at monitoring shipments of such hardware without hurting market supply. The new “import management system”
MUMBAI, Oct 19 (Reuters) – The RBI (Reserve Bank of India) is likely selling U.S. dollars again to defend the rupee and keep it from sliding to a record low, three traders told Reuters on Thursday. The rupee was at 83.2650 against