The Reserve Bank of India’s Monetary Policy Committee started its three-day conference on Tuesday to review the economic situation and discuss interest rates. The six-member RBI MPC, responsible for setting India’s benchmark interest rates, began its discussions on August 6 and will conclude on August 8. Changes to the repo […]
Reserve Bank of India
“All I can say is that a discussion paper will be issued shortly,” said a person aware of the development. The SMAC meeting was held to deliberate the recommendations of the Padmanabhan Working Group Committee on F&O. The panel headed by former Reserve Bank of India executive director G. Padmanabhan […]
India is taking steps to reduce the paperwork required for foreign investors to purchase its sovereign bonds, according to a Bloomberg report citing an unnamed source. This move follows a Bloomberg report highlighting foreign investors’ challenges due to the extensive paperwork involved. Also Read | Mumbai local train update: 5-hour […]
In day trading, the 30-share BSE Sensex rose 1,720.8 points, or 2.29%, to a new record high of 76,795.31. The benchmark closed at a record high of 76,693.36, up 1,618.85 points, or 2.16%. The NSE Nifty rose 498.8 points, or 2.18%, to 23,320.20 throughout the day, trailing just the record […]
Mumbai: After kissing the $5 trillion mark intraday Tuesday, the market capitalization of 5,389 listed BSE companies fell just $3 billion short of the magic figure on a closing basis at $4.997 trillion, fuelled by a rise in mid-cap and large-cap stocks. The near-historic closing came on a day the […]
Mumbai: Top brokers have reopened the currency derivatives door for clients willing to declare that they comply with rules, after trading volumes plunged following the implementation of recent central bank directions. Zerodha, Motilal Oswal and Kotak Securities have begun seeking self-declarations from clients stating that such positions are taken only […]
India’s foreign exchange reserves declined for the third week, after having risen for the seventh straight week to hit an all-time high of USD 648.562 billion. As per the latest data released by the Reserve Bank of India (RBI), the country’s foreign exchange kitty declined by USD 2.412 billion to […]