Asia markets closed mostly lower on Tuesday, weighed by declines in the energy sector as oil prices continued to tumble. Japan’s Nikkei 225 lost 114.55 points, or 0.64 percent, ... Read More
The central bank’s attempts to arrest the fall in the rupee’s value due to domestic political uncertainty and a strengthening US dollar drained $1.90 billion from India’s foreign exchange ... Read More
The Reserve Bank of India (RBI) has hired a former Nomura algorithmic trader, officials said, taking a rare step to recruit externally as it seeks expertise needed to make ... Read More
The Reserve Bank of India (RBI) received reports about a month ago on forensic investigations it had ordered into the bad debt at two companies – Surya Vinayak Industries and Deccan ... Read More
Reserve Bank Governor Raghuram Rajan today said it is closely monitoring the crowdfunding space to check if it poses any concerns, while it also called for an active “market ... Read More
Forex reserves of around $380 billion would be used if needed to subdue the volatility in the currency market, said RBI Governor On a day when the rupee and stock ... Read More
India’s economic growth probably slowed to around 5 percent in the three months to September, slipping from 5.7 percent in the previous quarter, two senior finance ministry sources said, ... Read More
In the wake of surge in gold imports, the government would soon impose some curbs on the inward shipment of the metal to prevent current account deficit (CAD) from going out ... Read More
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