85 breached
The Indian rupee has breached the significant psychological barrier of 85 against the US dollar, marking an all-time low amid a confluence of domestic and global pressures.
The Indian rupee has breached the significant psychological barrier of 85 against the US dollar, marking an all-time low amid a confluence of domestic and global pressures.
The recent appointment of Sanjay Malhotra as Governor of the Reserve Bank of India (RBI), replacing Shaktikanta Das, signals a pivotal shift in India’s monetary policy dynamics.
In a significant move to support the agricultural sector and address rising input costs, the Reserve Bank of India has announced an increase in the limit for collateral-free agricultural loans, including loans for allied activities.
India's forex reserves dropped by USD 3.235 billion to USD 654.857 billion for the week ending December 6.
Mumbai Police promptly registered a case under relevant sections of the Bharatiya Nyaya Sanhita (BNS) and began an investigation.
The issuance of new cards through another payment gateway would take 2-3 months because it involves technology integration and other modalities.
"Even with a 9.5 per cent GDP growth in 2021-22, there will be substantial slack in the economy and demand pressures may take some more time to become evident," it said.
Earlier in July 2020, the South-based lender had received RBI's nod for reappointment of Srinivasan as Managing Director and Chief Executive Officer till September 22, 2021.
In a communication to lenders, including rural development banks and cooperative banks, the RBI has asked them to put in place a 'mandatory leave' policy as part of the prudent risk management measure.
The directive comes with the objective of orderly, safe, and sound LIBOR transition and considering customer protection, reputational and litigation risks involved, banks or financial institutions.
