India’s Forex Reserves Rise $11.475 Billion To Record $740.803 Billion
India’s forex reserves rose $11.475 billion to a record $740.803 billion, supported by higher foreign currency assets and gold holdings.
RBI May Resume Rate Hikes In FY27; Repo Rate Could Rise To 6%
RBI may resume rate hikes in FY27, with the repo rate potentially rising to 5.75-6% as liquidity and inflation increase.
Rupee Today: Indian Currency Gains 67 Paise To Hit Two-Month High Against US Dollar
The Indian rupee gained 67 paise to hit a two-month high, supported by strong FCNR(B) inflows and improved foreign exchange sentiment.
Sensex, Nifty End Week Strong As Lower Crude Prices Boost Sentiment
Sensex and Nifty ended the week with strong gains as lower crude oil prices, upbeat domestic data and corporate earnings boosted investor confidence.
No RBI Rules Issued For Exchange Of Discontinued Notes: PIB Fact Check
PIB fact-check unit clarifies that RBI has not issued any new rules to exchange discontinued currency notes, calling viral claims misleading.
Rupee At 92.57 Against Dollar As RBI Deadline Drives Bank Position Cuts
Rupee trades at 92.57 against the US dollar as banks cut positions ahead of RBI’s NDF deadline, driving cautious currency market moves.
RBI Proposes Faster Claim Settlement Rules For Deceased Customers’ Accounts And Lockers
Banks must settle claims within 15 calendar days of receiving all necessary documents. For lockers or articles in safe custody, they must inform claimants within 15 days to fix a date for inventory.
RBI Holds Repo Rate At 5.5%; Maintains Neutral Stance As Food Prices Remain Volatile
RBI has kept the repo rate steady at 5.5% and maintained its neutral stance, Governor Sanjay Malhotra announced Wednesday.
India’s Forex Reserves Surge By $5.17 Bn To Reach $696.6 Bn
India’s foreign exchange reserves surged by $5.17 billion to reach $696.66 billion for the week ending June 6, the RBI said on Friday.
Indian Stock Markets Open Strong As IT & PSU Banks Lead The Rally
Indian stock markets opened on a positive note Monday, with strong buying interest in IT, PSU banks and the auto sectors.
